Lord Berkeley – 2014 Parliamentary Question to the Department for Transport

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

To ask Her Majesty’s Government, further to the Written Answer by Baroness Kramer on 13 May (WA 492), what is the annual charge used to calculate the net present value of £2.7 billion for the contract with Agility Trains East covering the provision of Intercity Express trains for the East Coast Main Line; and how many diagrammed trains and diagrammed vehicles are to be provided under the contract.

Baroness Kramer

The net present value of the East Coast Main Line fleet is £2.7bn in 2009 prices. This is for a fleet of 414 diagrammed vehicles over 54 diagrammed trains. The total Set Availability Payment for the full East Coast fleet in 1 April 2020 – 31 March 2021 (the first year of full fleet operation) is £324.6m in nominal 2020 prices.