£2.7 billion train-building contract for Hitachi
Under the 2.7 billion pounds deal, 497 new carriages for the country's east coast line will be manufactured at Hitachi Rail Europe's purpose-built factory in Newton Aycliffe, County Durham, Xinhua quoted the DfT as saying in a press release
The deal came just a month after Hitachi announced to move its rail headquarters to Britain.
John Laing was an international infrastructure investor and asset manager. Its managing director for primary investments Derek Potts said the financial close had "secured the confidence of both the DfT and the financial community".
Hitachi's train factory in Newton Ayliffe, County Durham is under construction, according to the company.
The 82 million pounds train-manufacturing facility will be operational in mid-2015, with series production of the state-of-the-art Class 800 series trains scheduled to start in 2016, it said.
Please register to comment on this article
Latest news....
09/03/2020 - 11:50
More than 3.6 million additional cars were licensed between 2009 and 2019, enough to cover the entire British coastline.
06/03/2020 - 10:00
A cross-party group of MPs have launched a new parliamentary inquiry into bus services in shire counties and rural areas.
11/02/2020 - 10:00
Boris Johnson confirms HS2 will go ahead, alongside radical improvements to local transport networks across the country.
14/08/2019 - 09:50
The Department for Transport (DfT) has issued new guidance to help prevent terrorists getting access to commercial vehicles to be used in attacks.
13/08/2019 - 09:48
The Transport Committee recommends that government extends the ban on hand-held devices to hands-free phones
