Speeches

Lilian Greenwood – 2016 Parliamentary Question to the Department for Transport

The below Parliamentary question was asked by Lilian Greenwood on 2016-09-06.

To ask the Secretary of State for Transport, what section 54 undertakings have been given for which rolling stock fleets; and what the (a) owning group and (b) terminating date is for each such undertaking.

Paul Maynard

The table below represents the expiry dates of the Section 54 undertakings in England and Wales which have been entered into between the Secretary of State and the owners of the rolling stock. Since September 2014 the Department has not entered into any Section 54 undertakings. Our current policy is that trains should be purchased in the market and the owner should take residual value risk.

The Scottish Government has powers which it can exercise in relation to Section 54.

Class

Owner/Lessor

No of vehicles

Current lessee

Expiry Date of Section 54

800 / 801

Agility Trains East

497

Virgin Trains East Coast

27.5 years after the Actual Acceptance Date of the first set in the fleet.

800 / 801

Agility Trains West

369

First Great Western

27.5 years after the Actual Acceptance Date of the first set in the fleet.

180

Angel Trains

25

First Great Western

31 December 2016

700

Cross London Trains

1140

GTR

21 March 2036

377

Porterbrook Leasing

792

GTR

07 March 2022

390

Angel Trains

574

Virgin Trains West Coast

31 March 2022

221

Voyager Leasing

102

Virgin Trains West Coast

31 March 2019

444 / 450

Angel Trains

733

South West Trains

23 April 2025

455

Porterbrook Leasing

364

South West Trains

01 February 2018

707

Angel Trains

150

South West Trains

31 March 2019

350/1

Angel Trains

120

London Midland

23 April 2025

350/3

Angel Trains

40

London Midland

19 September 2018

395

Eversholt Rail Group

174

South Eastern

17 years from Acceptance Date of last initial unit which was 2009.

333

Angel Trains

64

Northern

24 July 2020

350/4

Angel Trains

40

TPE

19 September 2018

165

Angel Trains

89

Chiltern

31 December 2018