Stephenson Harwood rail team advises key client CAF on its €500 million contracts for a new train fleet

公司事务 | 14/11/2023

The Stephenson Harwood rail team has advised long-standing and key client Construcciones y Auxiliar de Ferrocarriles S.A and CAF Rail UK Limited (together, CAF) on its contracts for the manufacture and ongoing maintenance of a fleet of state-of-the-art 10-car trains for London North Eastern Railway (LNER). The trains will be operated between London and Scotland.

The trains will be assembled at CAF's Newport manufacturing facility in South Wales and maintained in Newcastle and Leeds, with the first of the new trains entering passenger service on the East Coast Main Line in 2027. The new fleet will be 'tri-mode', meaning that they will use power from overhead lines on the electrified parts of the route and will use either a combination of battery and diesel power modes or battery-only mode on the parts of the route which are not electrified. This, together with the latest signalling system that will be installed on the trains, will realise environmental benefits by reducing energy consumption, eliminating emissions and significantly reducing noise pollution.

"This transaction is significant for our client, for LNER and for the financier, Porterbrook" said Tammy Samuel, partner and co-head of the rail team at Stephenson Harwood. "It is the first new trains deal that LNER have directly procured since the railways were privatised in the mid 1990s. It is great to support CAF in its first new trains deal since the pandemic, and we know there are other similar projects coming down the line".

The Stephenson Harwood team was led by partner Tammy Samuel, who was supported by partner Graeme Barton, managing associate Caroline Hooton and associate Samantha Harland.

分享文章

相关领域

关于作者

相关文章

Adobestock 298879532
Finance

SFC circulars in February 2026 – trading initiatives to boost digital asset market vibrancy

了解更多
Adobestock 100156310
Competition

“Re-setting the UK-EU relationship”: what does the new UK-EU Competition Cooperation Agreement mean for businesses?

了解更多
Adobestock 521153636
Corporate

Launch of a New Model AI Governance Framework for Agentic AI

了解更多
Adobestock 374203338
Competition Litigation

‘No pass-on in most business sectors’ – CAT rules Visa and Mastercard have not met burden of proving that any pass-on took place by majority of merchant claimants

了解更多
Adobestock 1519466670
Corporate

Where capital meets concrete 2026: Sector trends and deal dynamics in UK real estate M&A

了解更多
Adobestock 817645726
Dispute Resolution

Hong Kong High Court sheds light on its bankruptcy jurisdiction

了解更多
Adobestock 436784173
Finance

Virtual assets laws and regulations in Hong Kong

了解更多
Adobestock 521153636
Corporate

Tiger-Flipkart tax ruling: The bottom line

了解更多
Listed Funds | Legal Services
Corporate

MAS, SGX advance push for forward-looking disclosures

了解更多
Professional Standards & Discipline | Legal Services
Corporate

Corporate M&A - What opportunities lie ahead in 2026?

了解更多