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Railhub Archive 2002-03-11 GOA-001 The Go-Ahead Group0
South Central franchise to get 700 new carriages
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franchises franchising rolling stock South Central
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South Central franchise to get 700 new carriages _______________________________________________________________
type Press release
Orders for a total of 700 new carriages have now been placed on behalf of Go-Ahead's South Central franchise. The new trains will be manufactured by Bombardier and leased to South Central by Porterbrook Leasing which is financing the order at a cost of approximately £856 million, the biggest order for new trains to be manufactured in the UK since privatisation.
The investment in new trains for South Central to replace its slam door trains, started when Govia (Go-Ahead's joint venture with French transport group Keolis) purchased the existing franchise in August 2001, with an initial order for 240 carriages, worth approximately £200 million.
The latest order for the manufacture and supply of a further 460 carriages is worth approximately £374 million.
Maintenance and service of all 700 carriages throughout the 20 year franchise accounts for £282 million of the total cost.
Deliveries of Bombardier's Class 375 Electrostars are expected to commence in the summer of 2002 and be completed in 2004.
Commenting on the order, Keith Ludeman, Go-Ahead's Chief Executive, Rail said: 'This order demonstrates our desire to get on with the job of improving South Central as quickly as we can. In our bid we undertook to procure 1,000 new carriages. We are ordering 700 new carriages within eight months of taking over the existing franchise - well ahead of signing our new 20 year franchise'
'We aim to replace approximately 600 mark 1 slam door carriages by December 2004. It is clearly important that we had assurances regarding the timely delivery of new trains and Bombardier were able to provide these.'
For further enquiries please call:
The Go-Ahead Group plc Chris Moyes 0191 232 3123
South Central Martin Walter 020 7620 5110/5006 07771 830 433 Weber Shandwick Square Mile Richard Hews/Trish Featherstone 020 7950 2800
NOTE: Govia, owns the franchises for South Central Ltd., and Thameslink Rail Ltd. Govia is jointly owned by The Go- Ahead Group PLC (65%) and Keolis SA of France (35%). SNCF the French State National Railway is the major shareholder in Keolis SA.
Railhub Archive ::: 2002-03-11 GOA-001
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