Lease of Additional Class 701 EMUs

Descriptions

First MTR South Western Trains Limited (SWR) entered into an agreement with Rock Rail South Western PLC (Rock) in June 2017 for the lease of a new fleet of 60 x 10-vehicle trains and 30 x 5-vehicle trains and related spares to be manufactured and sold by Bombardier Transportation UK Ltd (BTUK) to Rock. At the same time, SWR also entered into a Technical Supply and Spares Supply Agreement (TSSSA) with BTUK for maintenance support services in relation to the new fleet of trains.If SWR requires additional trains, rock may use an option in its manufacturing and supply agreement with BTUK to purchase an additional two 10-vehicle trains from BTUK, which it can then subsequently lease to SWR under the terms of the lease agreement.The parties have agreed to extend the scope of the option to a total of five 10-vehicle trains and for the option to be exercisable at any time on or before 30 September 2020.