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 3 releases in its history.

Award

09 Oct 2026 at 15:24

Award Notice
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 procured financing and ownership of new passenger trains and associated equipment, with the trains to be leased for use in passenger services. The requirement also includes asset management services under a joint project management agreement. The buyer is TransPennine Trains Limited, and the trains are intended for services in Greater Manchester, Scotland, North East England and North West England. This is a combined rail-asset financing and management requirement: the supplier is responsible not only for providing the finance and owning the trains and equipment, but also for managing the assets. The procurement covers rolling stock and related financial leasing services.

The procurement has been awarded to Rock Rail TPE Plc, and the contract is active. The contract was signed on 8 September 2026. The procurement was run as a selective negotiated procedure following a competition, with one lot. Its estimated value was £1.15 billion; no awarded contract value is recorded. The stated contract period is 2,880 days. The initial term is eight years from acceptance of the first train, with an option to extend by up to a further 96 months. Tenders were due by 6 September 2024. Technical evaluation used pass/fail requirements and scored criteria with a minimum threshold; tenderers had to pass all pass/fail criteria and meet the score threshold. Three bids were received.

This award shows demand for suppliers able to finance and own a large fleet of passenger trains and associated equipment, lease those assets to a rail operator and provide ongoing asset management. A credible competitor would need substantial financing capacity and the ability to structure long-term rolling-stock ownership and leasing, alongside the expertise and resources to manage rail assets throughout their operational life. The evaluation required bidders to meet every pass/fail technical requirement and achieve a minimum score on the scored criteria, so suppliers would need to demonstrate compliance as well as strong technical capability. The work combines financial leasing with rolling-stock asset management for TransPennine Trains Limited’s passenger services across several UK regions.

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.

Lot Information

Lot 1

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; and b. the Associated Equipment (as defined in the Contracts) as well as the provision of asset management services as detailed in the Joint Project Management Agreement. Additional information: The technical criteria included several stages with a combination of pass/fail and scored criteria. Tenderers only passed the technical criteria where they passed all pass/fail criteria and met a minimum threshold for the scored criteria. There was therefore no specific overall weighting applied to the technical evaluation stage as a whole

Options: The initial contract term is for 8 years from the date of acceptance of the first unit (with the 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/095764-2026
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

34 - Transport equipment and auxiliary products to transportation

66 - Financial and insurance services

CPV Codes

34620000 - Rolling stock

66114000 - Financial leasing services

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 Oct 20262 weeks 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
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

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), TLD36 Greater Manchester North West, 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

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...