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The financing of New Trains for TransPennine Trains Limited

Transpennine Trains Limited

This public procurement record has 2 releases in its history.

TenderUpdate

09 Aug 2024 at 12:05

Tender Notice
Tender

25 Jul 2024 at 14:05

Tender Notice
Summary of the contracting process

Transpennine Trains Limited has initiated a selective procurement process for the financing of new trains, with the procurement stage currently in the tender update phase. The contract, valued at £1.15 billion, falls under the "goods" category with a focus on rolling stock for train services in regions including Scotland, North East England, and North West England. Interested parties need to register their interest via email by 6th September 2024, with the bid validity period extending until 31st May 2026. The process complies with the CELEX legal basis (Directive 2014/24/EU), and the procurement method involves a negotiated procedure with prior call for competition.

This tender provides significant opportunities for businesses involved in financial services and rolling stock procurement. Companies with expertise in large-scale financing and rail transport infrastructure will find this an attractive opportunity. The contract's substantial value and long-term duration offer a stable and lucrative engagement for successful bidders. Interested suppliers are expected to undergo an SSQ (Standard Selection Questionnaire) process to prequalify, with between 5 to 8 candidates advancing to the next stage. The procurement is suited to businesses that can provide innovative financing solutions and meet stringent technical and economic selection criteria.

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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). Interested parties are requested to register their interest on Delta. Interested Parties will be sent an SSQ where further information will be provided.

Lot Information

Lot 1

TPT is seeking interest from suppliers for the provision of the financing for new build rolling stock. More information will be provided within the subsequent SSQ and MOI.

Options: Option for an extension of [up to] an additional 96 months

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0484a0
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/025210-2024
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Selective
Procurement Method Details
Negotiated procedure with prior call for competition
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

34 - Transport equipment and auxiliary products to transportation

CPV Codes

34620000 - Rolling stock

Notice Value(s)

Tender Value
£1,150,000,000 £1B-£10B
Lots Value
£1,150,000,000 £1B-£10B
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
9 Aug 20242 years ago
Submission Deadline
6 Sep 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
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
TLC North East (England), TLD North West (England), TLM Scotland
Local Authority
Manchester
Electoral Ward
Piccadilly
Westminster Constituency
Manchester Central

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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.

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