Angel Trains to finance Abellio rolling stock for East Anglia rail franchise
30 September 2016 • Author: Katie Sadler, Digital Content Producer, European Railway Review
Rail leasing company Angel Trains has confirmed it will finance 665 new Bombardier Aventra vehicles as part of the winning East Anglia rail franchise bid, announced by the Department for Transport on 10 August.
Angel Trains to finance 665 new Bombardier Aventra vehicles
Signed on the 29 September, the £900 million agreement will increase rail capacity in the region and help improve the passenger experience. The Aventras will be built in the UK at Bombardier’s manufacturing plant in Derby.
Malcolm Brown, CEO of Angel Trains, said: “The modernisation of East Anglia’s network is a major boost to the UK rail industry and the economy. We are delighted that, through the supply of 665 new Bombardier Aventra vehicles, Angel Trains will be contributing to an improved service and experience for passengers in the region. This project, one of the largest private investments into rolling stock in the last 20 years, reiterates Angel Trains’ ongoing commitment to the UK rail industry. We look forward to supporting our industry partners and continuing to make further significant investments.”
“It will give the people of East Anglia high-quality trains as part of an ambitious transformation of the region’s railway”
Dominic Booth, MD of Abellio UK, said: “We are pleased to have finalised the agreement with our financier Angel Trains that is part of the largest-ever privately-procured train order in the UK.
“It will give the people of East Anglia high-quality trains as part of an ambitious transformation of the region’s railway. We look forward to working with Angel to deliver the 665 air conditioned Bombardier Aventra train carriages that will greatly improve the journey experience of millions of passengers”.