The four rolling stock manufacturers shortlisted for the UK’s
Thameslink project have lined up financial advisers ahead of the
formal invitation to tender that will be issued by the UK
Department for Transport in September.
According to market sources, Alstom has appointed investment
bank UBS, Hitachi Rail is being advised by SMBC and Siemens has
awarded its financial advisory to Quasar Associates.
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While an official at Bombardier in the UK declined to comment on
the financial advisory mandate, asset finance house MDT has been
linked to the manufacturer.
The four manufacturers will be invited to tender for the £1.4
billion construction mandate to supply 1,100 new train coaches that
will be operated on the Thameslink network, which extends north and
south through central London.
A spokesman for the Department for Transport in London said a
mandate will be awarded in mid-2009.
The rolling stock procurement programme is part of a £5.5
billion project to revamp the Thameslink network. The project is
widely anticipated to define future trends in rolling stock finance
in the UK’s Rosco-dominated leasing market.
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