Arriva Rail North £490 million procurement of Civity rolling stock fleet

28/1/2016
Asset finance, Asset acquisition, Procurement

£ 490 million

$ 660.375 million

Completed

28/1/2016


Overview:

  • Arriva Rail North has undertaken a £490 million procurement of new Civity rolling stock for its Northern rail franchise.
  • The fleet consist of 281 units comprising 31 three car units, 12 four car units, 25 two car units and 30 three car diesel multiple units.
  • The fleet is scheduled to enter service in December 2018.
  • Eversholt Rail is acting as the leasor.
  • The rolling stock is being built and provided by Spanish company Construcciones y Auxiliar de Ferrocarriles (CAF).
  • The Northern rail franchise is scheduled to begin in April 2016.

Sam Duke - Editor

Jurisdiction:

United Kingdom

Deal types:

Asset finance
Asset acquisition
Procurement

Practice area:

M&A

Governing law:

England and Wales

Industry sector:

Transport


Firms:

Party: Arriva Rail North (Leasee)


Party: Eversholt Rail (Leasor)


Party: Construcciones y Auxiliar de Ferrocarriles (CAF) (Seller)

Lawyer: Tammy Samuel