---
title: "The financing of New Trains for TransPennine Trains Limited"
ocid: "ocds-b5fd17-408c18ef-cc0f-454e-8e70-82b386b160f5"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-408c18ef-cc0f-454e-8e70-82b386b160f5"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-408c18ef-cc0f-454e-8e70-82b386b160f5.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-408c18ef-cc0f-454e-8e70-82b386b160f5.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "Transpennine Trains Limited"
published: "2026-10-09"
---

# The financing of New Trains for TransPennine Trains Limited

Buyer: Transpennine Trains Limited  
Current stage: Award  
OCID: ocds-b5fd17-408c18ef-cc0f-454e-8e70-82b386b160f5

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## Summary

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.

## Notice

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.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/54eb2b5f-5dce-478c-b322-971f7e20da62 |
| 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 |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 9 Oct 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 8 Sep 2026 |
| Contract period | 8 Sep 2026 - 9 Sep 2042 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,102,317,522 |
| Lots value | Not specified |
| Awards value | £1,102,317,522 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | Transpennine Trains Limited |
| Locality | MANCHESTER |
| Postcode area | Manchester |
| Postcode | M1 6LT |
| Country | England |
| ITL 1 | TLD North West (England) |
| ITL 2 | TLD3 Greater Manchester |
| ITL 3 | TLD33 Manchester |
| Local authority | Manchester |
| Electoral ward | Piccadilly |
| Westminster constituency | Manchester Central |
| Delivery location | TLM Scotland |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | Rock Rail TPE Plc |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66114000 - Financial leasing services

## Release History

- 9 Oct 2026 at 15:30 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/54eb2b5f-5dce-478c-b322-971f7e20da62

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/54eb2b5f-5dce-478c-b322-971f7e20da62
  9th October 2026 - Awarded contract notice on Contracts Finder
- https://www.delta-esourcing.com/delta/respondToList.html?noticeId=1059900063
  Please follow this link to view the notice.

## Provenance

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