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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
1,150,000,000
Topic
Rolling stock
Published
9 October 2026
Source
uk:find_a_tender

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. Lot 1: 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; and b. the Associated Equipment (as defined in the Contracts) as well as the provision of asset management services as detailed in the Joint Project Management Agreement. Additional information: The technical criteria included several stages with a combination of pass/fail and scored criteria. Tenderers only passed the technical criteria where they passed all pass/fail criteria and met a minimum threshold for the scored criteria. There was therefore no specific overall weighting applied to the technical evaluation stage as a whole

Timeline

  1. Award date8 September 2026
  2. Award published9 October 2026
    Current notice

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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