---
title: "Financing Of Rolling Stock"
ocid: "ocds-h6vhtk-0302f9"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0302f9"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0302f9.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0302f9.json"
source: "Find A Tender Service"
current_stage: "Tender"
buyer: "NORTHERN TRAINS LIMITED"
published: "2021-12-17"
---

# Financing Of Rolling Stock

Buyer: NORTHERN TRAINS LIMITED  
Current stage: Tender  
OCID: ocds-h6vhtk-0302f9

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## Summary

The procurement process titled "Financing of Rolling Stock" is currently active and initiated by Northern Trains Limited, a major provider of rail services in the UK. The procurement falls under the financial leasing services category and has a total budget of £140 million. The tender period is open until 19 January 2022, with key milestones including the invitation to negotiate scheduled for 25 February 2022 and the bid submission deadline set for 28 March 2022. This procurement aims to secure financing for up to 20 Class 195 hybrid multiple units to enhance operational capacity across the Northern rail network.

This tender presents a significant opportunity for businesses engaged in financial services, particularly those experienced in financing railway rolling stock. Companies with strong qualifications in the operating lease financing of passenger or commercial rolling stock, especially those who have managed transactions exceeding £100 million, would be particularly well-positioned to participate. The successful bidder will play a crucial role in supporting Northern Trains Limited's commitment to modernising public transport services, thereby enhancing their prospects for future contracts in a growing sector.

## Notice

This procurement is to provide Northern Trains Limited (Northern) with financing for the acquisition of 20 Class 195 hybrid multiple units.Suppliers who wish to make an expression of interest should notify Northern of their intention by using In-Tend system, or if this is not possible by email to phil.denson@northernrailway.co.uk.Suppliers will be issued with a Memorandum of Information (MOI) detailing a high-level summary of the proposed scope and a summary of the procurement process. In addition, suppliers will be issued with a Pre Qualification Questionnaire (PQQ) that Northern will use to determine their suitability for this procurement.

### Lot Information

Lot 1

Northern Trains Limited (Northern) provides 2,800 local and regional train services every day across the north of England, serving a population of nearly 15 million. There are now 108 million passenger journeys made on our network each year and we employ over 6,500 people. This makes Northern the second largest train operator in the UK. Since 2016 we have been modernising to improve our customers' experience by:* removing Pacer trains* introducing 101 brand new trains* providing more than 2,000 extra services each week* enhancing depots* improving infrastructure through gauge clearances and lengthening platforms* improving ticketing and retailingFrom 1 March 2020 we came under public ownership and became Northern Trains Limited, asubsidiary of the Department for Transport's own agency, DfT OLR Holdings (DOHL). We continue to trade under the name of Northern. In light of our obligations under Utility Contract Regulations (UCR) 2016 we are looking to procure the financing of up to 20 Class 195 Hybrid Trains For use on our network.Suppliers who wish Suppliers who wish to make an expression of interest should notify Northern of their intention by using the In-Tend Systemor if that is not possibleby email to phil.denson@northernrailway.co.uk.Suppliers will be issued with a Memorandum of Information (MOI) detailing a high-level summary of the proposed scope and a summary of the procurement process. In addition suppliers will be issued with a Pre Qualification Questionnaire (PQQ) that Northern will use to determine their suitability for this procurement.Suppliers should note that the expected procurement timetable is as follows:- Registration of interest, completed pre-qualification questionnaire, and confidentiality agreement deadline - 14/02/22- Invitation to Negotiate issued - 25/02/22- Bid submission deadline - 28/03/22

Renewal: The OLA will have an initial term of either a 10, 15 or 20 year initial term with the opportunity to extend this agreement for a subsequent term.Additional information regarding the initial term and any extension is provided in the procurement documents.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/031618-2021 |
| Notice type | Tender 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 | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 17 Dec 2021 |
| Submission deadline | 19 Jan 2022 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £140,000,000 |
| Lots value | £140,000,000 |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | NORTHERN TRAINS LIMITED |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1H 9AE |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLC North East (England) |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66114000 - Financial leasing services

## Release History

- 17 Dec 2021 at 14:12 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/031618-2021

## Notice URLs

- http://www.northernrailway.co.uk
- https://in-tendhost.co.uk/northernrailway/aspx/Home

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0302f9. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0302f9.json.