Linklaters has advised on the procurement for the manufacture and maintenance of rolling stock for the UK rail operator Thameslink’s network. The funding requirement for this project is in the order of £1.8 billion of which £1.6 billion will be met through senior debt.
This project is a highly significant infrastructure project for the UK. Linklaters advised the rolling stock provider, Cross London Trains Limited, a joint venture between Innisfree PFI Secondary Fund 2 LP, 3i Infrastructure plc and Siemens Project Ventures GmbH.
Stuart Rowson, Linklaters partner, said:
“We’re delighted to have helped Siemens, 3i and Innisfree to deliver this significant rail project which should give a real boost to the Government’s infrastructure investment plans for London and the wider economy.”
