Financing of rolling stock, spares and special tools.

Descriptions

Govia Northern Ltd (‘GNR’) is 1 of 3 companies shortlisted by the Department for Transport to bid for the Northern franchise (‘Franchise’). The Franchise encompasses routes which are included in the current Northern franchise and other services ‘remapped’ from the Transpennine Express franchise.GNR is a subsidiary of Govia, a joint venture between Go-Ahead Group and Keolis (a subsidiary of French national rail operator SNCF). Govia subsidiaries operate the Southern, London Midland, Thameslink Southern Great Northern and Southeastern franchises and provide services on rail routes from Birmingham to the south coast including services throughout London. 35 % of all UK passenger rail journeys are taken on Govia trains, making it the largest commuter rail group in the UK.The invitation to tender for the Franchise requires that the franchisee procures and brings into service new carriages (‘Vehicles’) that are capable of being used to operate passenger services on non-electrified routes. The Vehicles must be designed with future demand and users' needs in mind, with a clear focus on passenger comfort and with a thoroughly modern passenger environment and exterior look.GNR has commenced a process for the procurement of at least 120 Vehicles, options to purchase additional vehicles and associated spares and special tools (‘Associated Equipment’).GNR is also hereby seeking finance for the Vehicles and Associated Equipment.No contract will be awarded unless the franchise bid is successful and is subject to the usual approvals and consents.