£175 million Investment in New Trains

April 2000
Logistics & Transport Focus;Apr2000, Vol. 2 Issue 3, p16
Trade Publication
This article reports that the Angel Train Contracts company, one of the rail vehicle leasing companies in Great Britain, is investing over 75 million pounds in 70 new Diesel Multiple Unit Class 175 Coradia trains for use by the First North Western (FNW). Angel Trains will procure maintenance services for the new trains from the Alstom Train Services by entering into a 15-year maintenance contract worth about 100 million pounds. A purpose-built maintenance depot at Chester has been constructed to accommodate this new work. The new trains are being manufactured by the Alstom Transport Limited and will be operated by the FNW within the North Wales area and around Manchester. Under the terms of the agreement, Angel Trains will lease the vehicles to FNW for four years until the end of the FNW's franchise agreement.


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