Clarence Yard
Established Member
- Joined
- 18 Dec 2014
- Messages
- 3,278
Before, Grand Central orders new stock, I believe it would have to be able to renew it's passenger license for at least 50 years to make it cost effective to hire that new stock.
Not quite - usually seven to twelve years with new stock, depending on the business plan you submit to the ORR.
You also lease the units, you don’t hire them and it isn’t the passenger licence that is renewed (that is something completely different), it’s the Track Access Agreement and the additional years can be achieved by a simple extension to the existing one - by what is known as an s.22 application.