Not quite, according to the boss!Hi Skie.
The 777's have to each complete 1500 miles of FFR![]()
The first four units 1,500 miles of fault-free running, the next four 1,000 miles, and the remainder 500 miles.
Not quite, according to the boss!Hi Skie.
The 777's have to each complete 1500 miles of FFR![]()
Ahh. I didn't know that, so the rest will be fasterNot quite, according to the boss!
The first four units 1,500 miles of fault-free running, the next four 1,000 miles, and the remainder 500 miles.

Nope, everyone is limited to 75mph.Ahh. I didn't know that, so the rest will be faster![]()
Ha ha haNope, everyone is limited to 75mph.
I'll get my coat.
The first new Merseyrail train has been handed over to the Liverpool City Region.
Metro Mayor Steve Rotheram announced the first of the region's 53 new trains has arrived from manufacturer Stadler.
The landmark moment means the Liverpool City Region will be the first in the country to own its new trains.
Transport for London/RfL/LUL have owned (some of) their new trains for years…The first class 777 train was handed over from Stadler to Liverpool City Region today (777 010).
It will be on display at Birkenhead North station on September 9 and 11, 1000-1400 each day.
First new Merseyrail train handed to Liverpool City Region - Liverpool Echo
I think the Welsh Government beat Liverpool in terms of train ownership with the Mk4 purchase, but the Merseyrail fleet is of course a lot bigger, and brand new.
"First to arrive" is an odd statement when units have been sitting around the Mersey area for many months, some of them working around the Merseyrail network in full public view.
There's no hint of Merseyrail training and operation here, so first public use could be months away yet.
I guess he meant that Merseyrail (under LCR control) is the first of the privatised BR operators to own their trains, as opposed to leasing them.Transport for London/RfL/LUL have owned (some of) their new trains for years…
Thats odd as the two platforms are both on the level unless they mean the ramp from the small car park is too steep.
It’s not. The private operator Merseyrail, half owned by the Dutch state, will not own the trains. They are still leased, but from the public body Merseytravel, a brand name of the Merseyside Passenger Transport Executive and a consortium of Merseyside councils since the abolition of the Merseyside County Council, as opposed to a private leasing company.I guess he meant that Merseyrail (under LCR control) is the first of the privatised BR operators to own their trains, as opposed to leasing them.
But contrariwise the LCR has contracted train depots and maintenance to Stadler, instead of doing it in-house.
The financial deal for Merseyrail is still somewhat mysterious until they have a deal with the unions to operate the trains.
I am slightly alarmed by the lack of spare platforms on the Northern Line that are abundant having on the Wirral having served various purposes over the years. Southport is the only place on the Northern Line where a 777 could be displayed like this. Surely additional platforms could be provided at Aintree, Kirkdale, Bank Hall and Bootle stations relatively easily.
They bought fewer as the journey times will be reduced through the 777s having much higher acceleration than the existing trains. They simply don’t need the same size fleet to run the same 15 minute service. 8 car usage will be pretty similar to the normal usage of 6 cars too: peak time services.I know the 4 car units are of similar length to the 3 car 507/8 so 8 cars are theoretically possible but did I read they have bought less than being scrapped. Internally are they "bigger" with a better configuration. No inter carriage doors presumably? Thanks in advance. I being a local who has seen these delivered through Earlestown was also confused by the Echo comments.
The money to buy trains nevertheless has to come from somewhere - and indeed, at least one Merseyside council is paying others to get access to money.... They are still leased, but from the public body Merseytravel, a brand name of the Merseyside Passenger Transport Executive and a consortium of Merseyside councils since the abolition of the Merseyside County Council, as opposed to a private leasing company.
This means that rather than being leached out of the railway and lost to the coffers of a consortium of investment banks never to be seen again, 100% of the leasing fees paid by Merseyrail to Merseyrail will go towards improving public transport provision in the Liverpool City Region, including presumably to pay for a second batch of 777s in the future to facilitate network expansion or increased 8 car provision.
They’ve had this money stockpiled due to the years of delays. There’s some spare for Hydrogen buses as well now.The money to buy trains nevertheless has to come from somewhere - and indeed, at least one Merseyside council is paying others to get access to money.
The shortsighted mothballing of the ‘spare’ platforms on the Northern line does remove many options for degraded working that the Wirral line enjoys.
Rail this week has a piece which says that Liverpool City Region (ie Steve Rotheram) wants to take on infrastructure for Merseyrail, including all the land assets.
The aim would be to sell/develop the land for the benefit of the rail operation, and to fund network expansion with battery trains.

On the Southport line there is a crossover just north of Formby. There are others at Bootle Junction, Seaforth & Litherland, just south of Hillside and at Hall Road where there is one surviving siding. The crossovers are used when parts of the line are closed for engineering work.Is there much cause for doing that? On the Ormskirk line you can turn back at Maghull, while the Kirkby and Hunts Cross lines are way too short for there to be any benefit of doing so (but you can at South Parkway I believe). I'm sure I've seen short workings on the Southport line, is there a crossover half way up like Formby or similar? It does mean you can't dump a failed unit out of the way, but the 507/508s are pretty reliable in terms of not completely sitting down (even if they have to go out of service due to e.g. a door interlock fault), so it's very, very rare to need to.
Rail this week has a piece which says that Liverpool City Region (ie Steve Rotheram) wants to take on infrastructure for Merseyrail, including all the land assets.
The aim would be to sell/develop the land for the benefit of the rail operation, and to fund network expansion with battery trains.
100%?! I would have thought almost all the money will go to paying back the money borrowed to buy the trains. Just as it would for AngelThis means that rather than being leached out of the railway and lost to the coffers of a consortium of investment banks never to be seen again, 100% of the leasing fees paid by Merseyrail to Merseyrail will go towards improving public transport provision
So his plan is to rip off the UK taxpayer?!Rail this week has a piece which says that Liverpool City Region (ie Steve Rotheram) wants to take on infrastructure for Merseyrail, including all the land assets.
The aim would be to sell/develop the land for the benefit of the rail operation, and to fund network expansion with battery trains.
It’s still 100% of the leasing fees going to where it benefits the travelling public, even after the trains have been fully paid off. Angel make a profit once the trains are paid for and that won’t benefit anyone but their shareholders.100%?! I would have thought almost all the money will go to paying back the money borrowed to buy the trains. Just as it would for Angel
It isn’t, the bulk of it is going to pay off the borrowing.It’s still 100% of the leasing fees going to where it benefits the travelling public, even after the trains have been fully paid off. Angel make a profit once the trains are paid for and that won’t benefit anyone but their shareholders.
For the franchise's new-build stock, apparently so. The exact funding arrangements have been rather opaque, though.Didnt TfW find leasing was actually cheaper than buying??
Not surprising. Everyone(*) leases rather than buys if given the chance. Stagecoach lease buses, Ryainair lease planes, even Tesco has sold some of it's supermarkets and leased them back. The Angel Trains thing is also just a nonsense I'm afraid. As has been pointed out, they've invested by buying the train. Their profit is the return on the money their shareholders have invested. Ban them from investing, and they won't - their shareholders will either put the money in a savings account, or just spend it. Meaning less money to go round,It isn’t, the bulk of it is going to pay off the borrowing.
Hope to make a profit, profit isn’t evil, and the evil shareholders will include our pensions etc.
Didnt TfW find leasing was actually cheaper than buying??
It is always cheaper to outright buy and own a useful revenue generating asset than to lease it, as is the case with all insourcing and doing things in house. This practice of leasing will lead only to the eventual bankruptcy of both Stagecoach and Tesco, with the alternatives being the withdrawal of what are essential bus services due to lack of vehicles and the closure of what are essential Tesco stores as the leasing costs from the evil capitalist shareholders overwhelm the companies finances. Note that Thomas Cook did not own a single plane at the time of their insolvency. All were leased, in some feeble attempt to generate quick cash, but the burden of these leases was evidently too great from day 1, as is the case with all leasing. This also posed the problem that the administrators of Thomas Cook found that it had no assets with any value as such to pay off its debts.Not surprising. Everyone(*) leases rather than buys if given the chance. Stagecoach lease buses, Ryainair lease planes, even Tesco has sold some of it's supermarkets and leased them back. The Angel Trains thing is also just a nonsense I'm afraid. As has been pointed out, they've invested by buying the train. Their profit is the return on the money their shareholders have invested. Ban them from investing, and they won't - their shareholders will either put the money in a savings account, or just spend it. Meaning less money to go round,
If you buy out of your own funds - which I'd be surprised if Liverpool City Region actually have done, because it would be mindblowingly crazy for them to do so (although the economic wherewithal of some of the Liverpool politicians involved probably means we shouldn't rule it out) - you use the money in full here and now. If it's e.g. £10,000 then that £10,000 is lost. That's £10,000 you can not now use for anything else.
If you lease it, even if it's over 30 years paying £500 per year (so a total spend of £15,000 giving £5,000 profit to the evil capitalists) you've got £9,500 left which you can use on other stuff. And if your operation (whether that be a railway, an airline, a manufacturer of exhaust pipes, or anything else really) can generate positive economic benefits, then it follows you'll be able to afford paying £500 next year (funded by the revenue, or in a public sector body the tax or some other funding stream generated by or offset by the economic benefit) and the £9,500 you have left can be put to better use and generate even more positive economic benefit. You could, for example, lease more trains to run more services and get more farebox revenue. Of build more stations to encourage economic growth and get more tax revenue. Or if you manufacture widgets, you can make more and sell more. Or pay for advertising. Or any number of other things.
In my made up example, giving £5,000 to evil shareholders is well worth the money, and it's money well spent. You've had trains for 30 years and been able to build 10 new stations, reduce ticket prices, and extend your network. If you were savvy about it, you'd put break clauses in the lease agreement so that when something unexpected happens and new trains are needed in 15 years time, you can switch to the newfangled nuclear powered trains instead of having to stick to the ones you've got. The alternative of buying the trains outright, just ties up the money in a depreciating asset that's going to need to be overhauled and then (most likely) scrapped. It will win votes amongst the trendy young crowd and the ageing Trots though. But not much else.
Of course there's a third option. Which is Liverpool City Region borrow the money instead of paying it. Which gives the same benefit of leasing and allows your political leaders to spout twaddle about capitalism and shareholders. But then they'll pay the financing costs (i.e. interest) and take the full risk of dealing with it if it goes wrong. (there are numerous examples of local authorities getting way out of their depth trying to do things they have no knowledge of, investing in Icelandic banks which went under, buying shopping centres and hotels and the like, and generally losing millions of pounds of other peoples' money). By the time you've priced everything into it, chances are it's no cheaper than leasing and could turn out more expensive. And of course, if nuclear powered trains turn up and change the world, you're stuck with the ones you bought and either have to try to sell them, cut them up and buy more, or just keep running them.
(* obviously I don't mean individual people in their own households, although they do for things like cars and many people rent their home or finance it by a mortgage).