Lord Berkeley – 2014 Parliamentary Question to the Department for Transport

The below Parliamentary question was asked by Lord Berkeley on 2014-05-06.

To ask Her Majesty’s Government what is the cash value of the contract with the Cross London Trains consortium to provide rolling stock for Thameslink; and what will be the annual charge at 2014 prices when the full fleet is in service.

Baroness Kramer

The Thameslink Rolling Stock Project contracts comprise the supply, finance and subsequent maintenance (including the provision of depots) of the fleet of 1140 carriages. The Thameslink Rolling Stock Project contracts have an aggregate net present value of approximately £2.8 billion in 2014 prices and a nominal value of approximately £5.7 billion, in each case to the end of the 20 year commitment period relating to the use of the trains by the Secretary of State for Transport.