London, July 25, 2012
Agility Trains and DfT reach financial close on IEP
The UK Department for Transport (DfT) and Agility Trains (comprising Hitachi Rail Europe and John Laing Investments) today signed the contract for the DfT’s Intercity Express Programme (IEP) and confirmed simultaneous financial close for Phase 1 of the project. The IEP, worth some £4.5bn, comprises trains, maintenance depots, and route upgrades, with Network Rail undertaking the infrastructure upgrades to allow the new trains to operate on the network.
LONDON, July 25, 2011
Intercity Express Programme financial close paves way for Hitachi investment in rail manufacturing and assembly plant
As part of the IEP, Agility Trains’ main supplier Hitachi will provide, service and maintain a total of 596 rail carriages destined to run on the East Coast Main Line and the Great Western Main Line to replace the ageing fleet of Intercity trains. The new rolling stock will include electric and bi-mode trains with increased capacity compared to the current fleet, providing more comfortable, highly reliable trains for UK passengers. In order to fulfill the demanding requirements for dependability and availability of the trains, Hitachi will construct a number of new, state-of-the-art maintenance depots in Bristol, Swansea, west London and Doncaster, and upgrade a number of depots throughout the UK.
LONDON, July 1 2011
Agility Trains confirms Intercity Express Programme contract
Agility Trains Ltd. today announced that it is delighted by the Department for Transport’s decision to proceed with the Intercity Express Programme (IEP) with Agility Trains, subject to financial close. Under the IEP Agility Trains will deliver train services to Train Operating Companies at a fixed price for approximately 30 years using the IEP family of trains. Agility Trains is a consortium comprising Hitachi Limited and John Laing plc.