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Awarded contract

The financing of New Trains for TransPennine Trains Limited

Details

Buyer
TRANSPENNINE TRAINS LIMITED
Supplier(s)
ROCK RAIL TPE PLC
Value
£1,102,317,522
Duration
16 years
Topic
Financial leasing services
Published
9 October 2026
Source
uk:contracts_finder

Tender description

The financing of New Trains for TransPennine Trains Limited (including any potential successors). TPE conducted this procurement (New Trains Financier) to procure an Owner to finance, own and lease the new Units for use in passenger service. TPE sought tenders for the financing and ownership of: a. the Units; b. the Associated Equipment; and c. as well as the provision of asset management services.

Timeline

  1. Award date8 September 2026
  2. Award published9 October 2026
    Current notice
  3. Contract expiry date9 September 2042

About the buyer

TransPennine Trains Limited operates TransPennine Express, a passenger train service linking Manchester and Liverpool with Edinburgh and Glasgow. The Department for Transport's Operator of Last Resort has run the services since 28 May 2023. A 2023 notice covered a Class 397 train services agreement. A separate procurement sought a new trains maintenance and depots solution. The procurement department is based in Manchester.

Over the past 5 years, most of TransPennine Trains Limited's contract awards have been in repair and maintenance, transport equipment and financial and insurance services.

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