Direct award of a Lease for Class 455 rolling stock
Reference ocds-h6vhtk-051055 · SOUTH WESTERN RAILWAY LIMITED
Awarded to PORTERBROOK LEASING COMPANY LIMITED for £46,200,000.
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Amounts and figures
Description
Direct award of a 3 year contract for the leasing of up to 79 x 4 car units of Class 455 rolling stock with the ability to hand back units on 1 month's notice . The lease of the rolling stock is on the basis that the contracting authority (rather than the supplier) is responsible for all maintenance of the vehicles. The Lease also contains a right to transfer or sub-let the contract to certain third parties and an obligation for the supplier to enter into a direct agreement with the Secretary of State in parallel to the Lease. The direct agreement permits the Secretary of State to call for a New Contract in the event of the termination or expiry of the contracting authority's services agreement with the Secretary of State. The duration of the New Contract would typically be up to 3 years and the terms of the New Contract and the circumstances in which the direct agreement can be relied upon are all unambiguously set out in the direct agreement. The Lease also contains provisions addressing adjustments to monthly rentals on the basis specified in the Lease if certain modifications to the rolling stock are required which are to be funded by the Lessor. In the event that the contract …
Awards
| Lot | Awarded to | Amount | Date |
|---|---|---|---|
| 1 | PORTERBROOK LEASING COMPANY LIMITED | £46,200,000 | — |
Official publications
| Medium | Reference | Date |
|---|---|---|
| FTS | 036837-2025 | 2 July 2025 |
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