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Stock Exchange statement
The Department for Transport (DfT) today set out its plans for
investment in the rail infrastructure and rolling stock that will
deliver more than 2,100 new rail carriages onto Britain's railways by
May 2019 and replace existing Inter-City 125 High Speed Trains (HSTs).
The 2,100 new carriages that Government will have introduced onto the
network by May 2019 will be used to help tackle overcrowding on the
busiest rail services. The total includes new carriages for the
Thameslink and Crossrail projects as well as 300 new carriages being
delivered by franchised train operators. The Government will now enter
into commercial negotiations with the franchised operators about the
exact number of carriages each will operate.
The Thameslink programme will require a fleet of around 1,200 new
electric vehicles. The Department is currently considering bids from two
consortia led by Siemens PLC and Bombardier Transportation UK Ltd. The
Department intends to make an announcement regarding the *preferred
bidder in spring 2011*. Existing electric trains from Thameslink will be
able to be deployed elsewhere on the rail network and therefore the
lines between *London and Didcot, Newbury and Oxford as well as between
Liverpool, Manchester, Preston and Blackpool will be electrified*.
On 6 July 2010, the Department published Sir Andrew Foster's review of
the Intercity Express Programme (IEP). The Department has evaluated
possible alternatives to the original IEP proposal and has narrowed the
consideration to two leading options; a revised bid from Agility Trains,
and an alternative for a fleet of all electric trains which could be
coupled to new diesel locomotives where the overhead electric wires end.
The Government will continue to assess the two remaining alternatives,
alongside a consideration of the extent of electrification on the Great
Western route, and will make a *further statement in the New Year*.
The preferred bidder for the Intercity Express Programme is Agility
Trains, a consortium consisting of Hitachi Rail Europe and John Laing.
Department for Transport
25 November 2010