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 their latest estimate of the net presentvalue (NPV) of the contract with Agility Trains West covering the provision of Intercity Express trains for the Great Western; what is the annual charge used to calculate the NPV; and how many diagrammed trains and diagrammed vehicles are to be covered.

Baroness Kramer

The net present value of the Great Western fleet is £3.0bn in 2009 prices. This is for a fleet of 322 diagrammed vehicles over 50 diagrammed trains. The total Set Availability Payment for the full Great Western fleet in 1 April 2019 – 31 March 2020 (the first year of full fleet operation) is £333.7m in nominal 2019 prices.