Abellio agreed to sell 40% of its shares in Greater Anglia rail franchise to Japanese company Mitsui. The deal will result in a EUR 1.6 billion investment over nine years, with new trains and average journey times reduced by 10%. “With the introduction of Mitsui’s knowledge and experience, we look forward to delivering significant improvements for Greater Anglia’s customers,” Dominic Booth, managing director of Abellio said.
Abellio has refused to reveal the value of the deal, which is pending final regulatory approval.
The franchise was renewed in 2016, taking majority operator Abelio’s contract up to 2025.
“We are delighted to have reached agreement with Mitsui, fulfilling our long-standing objective of running the franchise as a 60:40 joint venture,” Booth said.
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