Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

The financing of New Trains for TransPennine Trains Limited

Transpennine Trains Limited

This public procurement record has 1 release in its history.

Award

09 Oct 2026 at 15:30

Award Notice
Summary of the contracting process

TransPennine Trains Limited procured financing and ownership of new trains for passenger services, including the trains and associated equipment, together with asset management services. The selected owner is to finance, own and lease the units to the train operator. This is a financial leasing and rail-asset management requirement, rather than a purchase of trains outright by the operator. The work is for TransPennine Trains Limited and its potential successors, with delivery in Scotland. The scope centres on providing the funding and ownership structure for a fleet of new passenger trains, and managing the assets during the lease. Suppliers in rolling-stock finance, leasing and asset management are most directly relevant.

The procurement is complete and the contract was awarded to Rock Rail TPE Plc. The award date was 8 September 2026, and the contract period runs from 8 September 2026 to 8 September 2042. The awarded value is £1,102,317,522. The procurement used a selective negotiated procedure. The tender closing date was 8 September 2026. The requirement was treated as a single package covering train and associated-equipment financing and ownership, leasing, and asset management; no separate lots are listed. The published evaluation basis is not described in the available process details. The procurement was marked as unsuitable for small and medium-sized enterprises and voluntary, community and social enterprises.

This award demonstrates a substantial, long-term requirement for financing, owning and leasing passenger rolling stock, combined with asset management for TransPennine Trains Limited. A credible competitor when this requirement returns to market would need the financial capacity to fund and retain ownership of a new train fleet over an extended lease, as well as the ability to manage associated equipment and provide asset management throughout the arrangement. The selected supplier was a large company, and the procurement was marked unsuitable for SMEs and voluntary, community and social enterprises, indicating that suppliers would need capacity to deliver at major scale. Relevant expertise lies in rail rolling-stock finance and leasing, asset ownership structures and ongoing management of rail assets for passenger service.

How relevant is this notice?

Notice Information

Notice Title

The financing of New Trains for TransPennine Trains Limited

Notice Description

The financing of New Trains for TransPennine Trains Limited (including any potential successors). TPE conducted this procurement (New Trains Financier) to procure an Owner to finance, own and lease the new Units for use in passenger service. TPE sought tenders for the financing and ownership of: a. the Units; b. the Associated Equipment; and c. as well as the provision of asset management services.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-408c18ef-cc0f-454e-8e70-82b386b160f5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/54eb2b5f-5dce-478c-b322-971f7e20da62
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Negotiated procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66114000 - Financial leasing services

Notice Value(s)

Tender Value
£1,102,317,522 £1B-£10B
Lots Value
Not specified
Awards Value
£1,102,317,522 £1B-£10B
Contracts Value
Not specified

Notice Dates

Publication Date
9 Oct 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
8 Sep 20261 months ago
Contract Period
8 Sep 2026 - 9 Sep 2042 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Transpennine Trains Limited
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MANCHESTER
Postcode
M1 6LT
Postcode Area
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD33 Manchester
Delivery Location
TLM Scotland
Local Authority
Manchester
Electoral Ward
Piccadilly
Westminster Constituency
Manchester Central

Supplier Information

Number of Suppliers
1
Supplier Name

Rock Rail TPE Plc

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

Loading OCDS record...