--- title: "Selection of an Investment Partner for the Global Centre of Rail Excellence" ocid: "ocds-kuma6s-128224" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-kuma6s-128224" markdown_url: "https://d3tenders.com/contract/ocds-kuma6s-128224.md" json_url: "https://d3tenders.com/contract/ocds-kuma6s-128224.json" source: "Sell2Wales" current_stage: "Tender" buyer: "GCRE LTD" published: "2023-01-19" --- # Selection of an Investment Partner for the Global Centre of Rail Excellence Buyer: GCRE LTD Current stage: Tender OCID: ocds-kuma6s-128224 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-kuma6s-128224) [Download OCDS JSON](https://d3tenders.com/contract/ocds-kuma6s-128224.json) ## Summary The public procurement process for the Global Centre of Rail Excellence involves GCRE Ltd as the buying organisation. The tender title is "Selection of an Investment Partner for the Global Centre of Rail Excellence." The industry category is services related to Railway Technology Testing Facility. The procurement is located in South Wales, specifically in the Neath Port Talbot region. The procurement stage is currently in the active status with a deadline for tender submissions on 28th February 2023. This tender offers a significant opportunity for strategic investors looking to acquire a majority shareholding and control of GCRE Ltd. Businesses in the rail industry and supply chain sector are well-suited to compete in this procurement process. The method being used is a selective competitive dialogue, allowing for detailed discussions with potential investors. Interested parties can access the procurement documentation electronically through the eTenderWales platform, with detailed information provided in the Selection Questionnaire (SQ) and other associated documents. ## Notice GCRE Ltd (the "Company") is seeking a strategic investor to fund the Company. This is an investment and commercialisation opportunity in relation to the Global Centre of Rail Excellence ("GCRE"), a planned railway infrastructure and rolling stock testing, proving, demonstration and storage facility in South Wales, on a site of 700 hectares located within the Powys and Neath Port Talbot local authorities. GCRE is being developed by the Company, which is currently wholly owned by the Welsh Government. The strategic investor, which could be a single investor or a consortium of investors, will acquire a majority shareholding in and control of the Company (being a minimum of 51%). ### Lot Information Lot 1 This is a procurement to acquire a controlling interest in GCRE Ltd (the "Company"). The Global Centre of Rail Excellence ("GCRE") is a planned railway infrastructure and rolling stock testing, proving, demonstration and storage facility in South Wales, on a site of 700 hectares located within the Powys and Neath Port Talbot local authorities. For the rail industry and its supply chain, GCRE will provide a single site that brings people and ideas together, enabling world class research, testing and innovation. GCRE will be net zero in operation and will be the first purpose built large scale rail testing facility in the UK. The capital deployment needed will occur over a period of 3 years with the aim to achieve full commercial operations in FY25/26. GCRE's core revenues will be derived from the assets delivered by Investment Phases 1 and 2, which are described as follows: 1. Investment Phase 1: ground works, site preparation, outline design and the development of storage facilities. 2. Investment Phase 2: development of the rail infrastructure, including construction of a rolling stock testing track (outer loop with track length of 6.9km), an infrastructure testing track (inner loop with track length of 4km), additional storage and maintenance facilities, and the required building and civil works to make the site fully operational, including: (a) assuring supply of cost effective, sustainable, and reliable energy to the site to support 24/7 operations; and (b) working with local stakeholders to get access to relevant utilities and access infrastructure. The total estimated capital cost to deliver Investment Phases 1 and 2 is c.GBP400m. Investment Phase 1 is already underway using public funding. Investment Phase 2 requires private funding. There is also an opportunity to commercially exploit and develop the renewable energy opportunities available at the site in line with GCRE's energy strategy (which opportunity would be beyond the initial c.GBP400m investment). The initial c.GBP400m investment is proposed to be funded through: i) Public funding of GBP70m already committed and partially drawn down: Welsh Government equity investment of GBP50m and a GBP20m grant from the Department for Business, Energy and Industrial Strategy. ii) Private funding of c.GBP330m. The strategic investor selected through this procurement process will take majority ownership and control of the Company. Please note that this is a current estimate and work is underway to determine more precise value of the total capital cost. It should also be noted that site works (including award of the contract for earthworks) and relevant studies have already commenced. There is also the opportunity to develop, over the course of time, other commercial / revenue opportunities related to land / real estate development on the site. Potential returns will depend on many commercial factors including (but not limited to) market conditions. Details about the requirements and the scope can be found in the Selection Questionnaire ("SQ") and the Memorandum of Information ("MOI") with a more detailed description of the Company, its business plan and investment requirements to be provided at the tender stage of the procurement process. Access to procurement documentation: The MOI will be provided by GCRE Ltd to the applicant following signing by the applicant of a non-disclosure agreement ("NDA") and returning it to GCRE Ltd at the email address above. Access to the SQ and the NDA is unrestricted and you can access the SQ and the NDA in the Additional Documents section of Sell2Wales. Bidders should seek independent legal and commercial advice in relation to the opportunity.. The duration is an estimate only, provided on the basis of the estimated time periods required to deliver Investment Phases 1 and 2. Any queries and responses and circulars that may be issued during the tender period will be communicated exclusively via eTenderWales. See section II.2.4 above for instructions on how to access the procurement documentation. ## Key Details | Field | Value | | --- | --- | | Publication source | Sell2Wales | | Latest notice | https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=128224 | | Notice type | OJEU - F2 - Contract Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Selective | | Procurement method details | Competitive dialogue | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 19 Jan 2023 | | Submission deadline | 28 Feb 2023 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | 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 | GCRE LTD | | Locality | NEATH PORT TALBOT | | Post town | Swansea | | Postcode | SA10 9HN | | Country | Wales | | ITL 1 | TLL Wales | | ITL 2 | TLL4 Mid and South West Wales | | ITL 3 | TLL44 Neath Port Talbot | | Local authority | Neath Port Talbot | | Electoral ward | Crynant, Onllwyn and Seven Sisters | | Westminster constituency | Neath and Swansea East | | Delivery location | TLL Wales | ## CPV Codes ### Divisions - 09 - Petroleum products, fuel, electricity and other sources of energy - 31 - Electrical machinery, apparatus, equipment and consumables; lighting - 32 - Radio, television, communication, telecommunication and related equipment - 34 - Transport equipment and auxiliary products to transportation - 45 - Construction work - 50 - Repair and maintenance services - 65 - Public utilities - 66 - Financial and insurance services - 70 - Real estate services - 71 - Architectural, construction, engineering and inspection services - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 09310000 - Electricity - 09330000 - Solar energy - 31121110 - Power converters - 32500000 - Telecommunications equipment and supplies - 32552420 - Frequency converter - 34632300 - Electrical installations for railways - 34940000 - Railway equipment - 45111291 - Site-development work - 45200000 - Works for complete or part construction and civil engineering work - 45213000 - Construction work for commercial buildings, warehouses and industrial buildings, buildings relating to transport - 45213313 - Service-area building construction work - 45213320 - Construction work for buildings relating to railway transport - 45230000 - Construction work for pipelines, communication and power lines, for highways, roads, airfields and railways; flatwork - 45234000 - Construction work for railways and cable transport systems - 45234112 - Railway depot construction work - 45234115 - Railway signalling works - 50220000 - Repair, maintenance and associated services related to railways and other equipment - 50222000 - Repair and maintenance services of rolling stock - 50224000 - Reconditioning services of rolling stock - 65300000 - Electricity distribution and related services - 66120000 - Investment banking services and related services - 70112000 - Development of non-residential real estate - 71311230 - Railway engineering services - 71314000 - Energy and related services - 71314100 - Electrical services - 71314200 - Energy-management services - 71540000 - Construction management services - 71541000 - Construction project management services - 79420000 - Management-related services - 79421000 - Project-management services other than for construction work - 79421100 - Project-supervision services other than for construction work ## Release History - 19 Jan 2023 at 00:00 - Tender - OJEU - F2 - Contract Notice - https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=128224 ## Documents - https://www.sell2wales.gov.wales/Notice/Download/DocumentDownload.aspx?id=JAN424625&idx=7 17th February 2023 - GCRE_PQQ Clarifications V3.0_17FEB23 - https://www.sell2wales.gov.wales/Notice/Download/DocumentDownload.aspx?id=JAN424625&idx=6 27th January 2023 - GCRE_PQQ Clarifications V2.0_27JAN23 - https://www.sell2wales.gov.wales/Notice/Download/DocumentDownload.aspx?id=JAN424625&idx=5 20th January 2023 - GCRE-PQQ Clarifications V1.0_20JAN23 - https://www.sell2wales.gov.wales/Notice/Download/DocumentDownload.aspx?id=JAN424625&idx=1 19th January 2023 - GCRE_NDA for Strategic Investment_V1.0 (Word Version) - https://www.sell2wales.gov.wales/Notice/Download/DocumentDownload.aspx?id=JAN424625&idx=2 19th January 2023 - GCRE_NDA for Strategic Investment_V1.0 (PDF Version) - https://www.sell2wales.gov.wales/Notice/Download/DocumentDownload.aspx?id=JAN424625&idx=3 19th January 2023 - GCRE_Selection Questionnaire V1.0 (Word Version) - https://www.sell2wales.gov.wales/Notice/Download/DocumentDownload.aspx?id=JAN424625&idx=4 19th January 2023 - GCRE_Selection Questionnaire V1.0 (PDF Version) - https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=JAN424625 Selection of an Investment Partner for the Global Centre of Rail Excellence - GCRE Ltd (the "Company") is seeking a strategic investor to fund the Company. This is an investment and commercialisation opportunity in relation to the Global Centre of Rail Excellence ("GCRE"), a planned railway infrastructure and rolling stock testing, proving, demonstration and storage facility in South Wales, on a site of 700 hectares located within the Powys and Neath Port Talbot local authorities. GCRE is being developed by the Company, which is currently wholly owned by the Welsh Government. The strategic investor, which could be a single investor or a consortium of investors, will acquire a majority shareholding in and control of the Company (being a minimum of 51%). ## Notice URLs - http://www.gcre.wales/ - http://www.sell2wales.gov.wales/Search/Search_Switch.aspx?ID=128224 - https://api.sell2wales.gov.wales/v1?lang=cy/Notice?id=ocds-kuma6s-128224 - https://etenderwales.bravosolution.co.uk/home.html ## 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-kuma6s-128224. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-kuma6s-128224.json.