Operating Lease Agreement in relation to a fleet of class 350 electric multiple units and associated equipment
Buyer: NORTHERN TRAINS LIMITED
- Published
- 27 July 2026
- Estimated value
- £222,022,200
- Place of performance
- UKC
- Procedure
- Direct award
- Lots
- 1
- Notice number
- 070927-2026
- Reference
- ocds-h6vhtk-06c9fb
- Official source
- Official source
CPV codes
- 34620000Rolling stock
- 66114000Financial leasing services
Description
Direct Award of a 16-year lease of a fleet of 37 Class 350/2 electric multiple units to replace the current Class 323 electric multiple unit fleet which Northern Trains Limited ("Northern") lease and operate on the Northern Network, primarily in the Greater Manchester area. The lease includes an ability for Northern to break the lease after 8 years (in August 2034) where the rolling stock fails to meet performance targets in respect of reliability and availability. As part of the leasing of the class 350 fleet, Northern have also agreed with the lessor that the lessor will agree to the termination of the lease by the same lessor of a fleet of 34 class 323 electric multiple units early, allowing the class 350 fleet to be substituted for the class 323 fleet without any increase in subsidy required to Northern to enable leasing of the class 350 fleet. The lease makes provision for sub-leasing of the rolling stock to other operators in specified circumstances under the lease, either on a short-term basis (under 48 hours) or on a longer term basis with consent. The lease also permits the assignment, transfer, novation or disposal of all of rights and obligations of the lessee under the …
Awards
| Awarded to | Amount | Date |
|---|---|---|
| PORTERBROOK LEASING COMPANY LIMITED | £222,022,200 | 13 July 2026 |
Official publications
- FTS · 070927-2026 · 27 July 2026
Other tenders from NORTHERN TRAINS LIMITED
- Sub-Lease of Class 156 Diesel Multiple Unit
- Train Planning Software and Implementation Services
- Neville Hill 195 Fleet Maintenance Outline Designs
- Calibration Services
- Planned Preventative Maintenance
- Liquid Waste Removal and Drainage Services
- Car Parking Services
- Train Services Agreement in relation to a fleet of class 350 electric multiple units and associated equipment
- End Point Assessments - Conductors
- Construction Framework - Depot & Stations Infrastructure Works
Frequently asked questions
- What is the estimated value of this tender?
- The estimated value published by the buyer is £222,022,200.
- Who is the buyer of this tender?
- The contracting authority is NORTHERN TRAINS LIMITED (United Kingdom).
- How can I bid for public tenders in the United Kingdom?
- Bids are submitted through the official public procurement portal in the United Kingdom. El Vínculo helps you find tenders and analyse their documents; submission always happens at the official source.
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