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PROCUREMENT OPPORTUNITY

Financing of new rolling stock and associated equipment (including simulators, spares and tooling).

NORTHERN TRAINS LIMITED · compiled

Tender information last checkedLast checked 29 Sept 2026, 22:12.

Opportunity overview

The objective of this procurement is for Northern Trains Limited (NTL) to enter into financing arrangements with one or more financiers in relation to new rolling stock and associated equipment (including simulators, spares and tooling) which is being procured under a parallel manufacture and supply of rolling stock procurement. The Contract Notice related to the parallel procurement is 2024/S 000-015055. The parallel manufacture and supply of rolling stock procurement will establish a framework with three lots, one lot for each of: multi-mode multiple units (MMU); electric multiple units (EMU) and battery electric multiple units (BEMU). NTL anticipates calling off its Phase One and Phase Two rolling stock requirements from such lots. These framework agreements are for multi-mode multiple units (MMU); electric multiple units (EMU) and battery electric multiple units (BEMU). This finance procurement is solely for the Phase One requirements which are expected to be: • EMU: 12 units x 3 vehicles and expected to be in passenger service in 2029-30. • MMU: 48 units x 3 vehicles and 63 units x 4 vehicles and expected to be in passenger service in 2030-31. • BEMU: 8 units x 4 vehicles and expected to be in passenger service in 2032.

Classification

  • CPV66114000 — Financial leasing services

Lots

  • Electric Multiple UnitsValue not stated
  • Multi-mode Multiple Units (MMU)Value not stated
  • Battery Electric Multiple Units (BEMU)Value not stated

Published notice details

Additional information from the published procurement release. Fields appear only when supplied by the source; check the original notice and tender documents before acting.

Scope, procedure and submissions

Id
ocds-h6vhtk-04e614
Status
active
Has Recurrence
No
Procurement Method
selective
Main Procurement Category
services
Procurement Method Details
Negotiated procedure with prior call for competition

Covered By

GPA

Amendments

Entry 1
Id
2
Description
The time limit for receipt of tenders or requests to participate has been amended from the 28th of March 2025 to the 11th of April 2025.

Unstructured Changes

Entry 1

Where

Section
IV.2.2

New Value

Date
11 Apr 2025

Old Value

Date
28 Mar 2025

Legal basis

Id
32014L0025
Scheme
CELEX

Lot Details

Maximum Lots Bid Per Supplier
9,999,999

Tender Period

Ends
28 Mar 2025

Classification

Id
66114000
Scheme
CPV
Description
Financial leasing services

Submission terms

Languages

en

Submission Method

electronicSubmission

Participation Fees

Entry 1
Id
1

Type

document

Lots and requirements

Entry 1
Id
1
Title
Electric Multiple Units
Status
active
Has Options
No
Has Renewal
No
Description
Lot 1: Electric Multiple Units This finance procurement solely relates to financing the Phase One rolling stock and associated equipment (including simulators, spares and tooling). Lot 1 is the financing of the estimated requirement of 12 x 3-vehicle Electric Multiple Units (EMUs). During the procurement process, tenderers will be requested to provide Indicative Lease Rates for these EMUs. The purpose of these rates is to support the evaluation of the manufacturer tender on a Whole Life Cost basis. These Indicative Lease Rates can be submitted on the basis of either an 8 plus 8-year lease and/or a 10 plus 10-year lease for the various EMU Manufacturers. No other Lease terms or combination of Lease terms will be accepted at this or any following stage. These Indicative Lease Rates for the EMUs will be evaluated based on the assumed useful life of the units (being 35 years). The Residual Lease Term will be calculated as an average of the Initial Term Lease Rate (first eight or ten years) and the Extended Term Lease Rate (years 9-16 or 11-20) and this will be used to determine the lease rate for the residual life of the asset (being years 17-35 or 20-35). It is reiterated that these Indicative Lease Rates are to support the evaluation of the manufacturer tender by enabling the lease cost associated with that manufacturer's solution to be included in the Whole Life Cost analysis. Later in the procurement process NTL will issue an Invitation to Submit a Final Tender (ISFT) and all tenderers will have opportunity to provide a Combined Proposal (i.e. a potential 'winner takes all proposal' where a tenderer bids to finance all of the units under Lots 1, 2 and 3 for the relevant manufacturers). The Combined Proposal can be submitted on the basis of either an 8 plus 8-year lease and/or a 10 plus 10-year lease. In addition, the three tenderers who provided the lowest Indicative Lease Rates for the preferred EMU Manufacturer will have the opportunity to submit a Final Tender Response in respect of the EMUs, on the basis of either an 8 plus 8-year lease and/or a 10 plus 10-year lease, in respect of that preferred Manufacturer. As described above, these responses to the ISFT can be submitted on either the basis of an 8 plus 8-year lease and/or a 10 plus 10year lease. Following the submission of responses to the ISFT, NTL will evaluate the Combined Proposal responses and the responses to the various preferred Manufacturer / Lot combinations. These evaluations will be based on the total of the Initial lease Term Lease Rate (first eight or ten years), the Extended Term Lease Rate (years 9-16 or 11-20) and the average of these two rates will be used to determine the lease rate for the residual life of the asset. NTL will then compare the best value Combined Proposal against the aggregated best value Manufacturer / Lot combinations to determine which solution has provided the best overall value for money to determine the successful tenderer(s). NTL is procuring on its own behalf and will enter into the relevant contract documents where such contracts are awarded. However, the contract documents also permit the transfer of the contracts to Transferee Train Operating Companies who in future may either (i) operate over any part of the Northern network and/or (ii) lease or sub-lease the rolling stock. In the event that such provisions are utilised, this procurement is also to be for the benefit of the Transferee Train Operating Companies in accordance with regulation 55 of the Utilities Contracts Regulations 2016. However, NTL is responsible for the conduct of the procurement throughout and all correspondence and communication from financiers is to be solely with NTL. The meaning of Transferee Train Operating Companies includes all those train operating companies who, currently or in the future, provide services for the carriage of passengers by railway: a) under a franchise agreement with the Secretary of State within the meaning of section 23(3) of the Railways Act 1993 or b) under, or secured under, the Secretary of State's duty in section 30(1) of the Railways Act 1993; or in accordance with legislation which supersedes or amends the powers referred to in a) and b), including where such powers are transferred from the Secretary of State to another body. Additional information: The maximum contract term is 240 months i.e. if the lease is let on a 10 plus 10 years basis and it runs for the full 20 year term. As described in this contract notice three other lease terms are possible: a/. 96 months, i.e. if the lease is let on a 8 plus 8 years basis, but is terminated after the initial 8-year term; b/. 120 months, i.e. if the lease is let on a 10 plus 10 years basis but is terminated after the initial 10-year term; and, c/ 192 months, i.e. if the lease is let on an 8 plus 8 years basis and runs for the full 16 year term.

Contract period

Duration In Days
7,200

Submission terms

Variant Policy
notAllowed
Entry 2
Id
2
Title
Multi-mode Multiple Units (MMU)
Status
active
Has Options
No
Has Renewal
No
Description
Lot 2: Multi-mode Multiple Units (MMU) This finance procurement solely relates to financing the Phase One rolling stock and associated equipment (including simulators, spares and tooling). Lot 2 is the financing of the estimated requirement of 48 x 3-vehicle and 63 x 4-vehicle Multi-mode Multiple Units (MMUs). During the procurement process, tenderers will be requested to provide Indicative Lease Rates for these MMUs. The purpose of these rates is to support the evaluation of the manufacturer tender on a Whole Life Cost basis. These Indicative Lease Rates can be submitted on the basis of either an 8 plus 8-year lease and/or a 10 plus 10-year lease for the various MMU Manufacturers. No other Lease terms or combination of Lease terms will be accepted at this or any following stage. These Indicative Lease Rates for the MMUs will be evaluated based on the assumed useful life of the units (being 35 years). The Residual Lease Term will be calculated as an average of the Initial Term Lease Rate (first eight or ten years) and the Extended Term Lease Rate (years 9-16 or 11-20) and this will be used to determine the lease rate for the residual life of the asset (being years 17-35 or 20-35). It is reiterated that these Indicative Lease Rates are to support the evaluation of the manufacturer tender by enabling the lease cost associated with that manufacturer's solution to be included in the Whole Life Cost analysis. Later in the procurement process NTL will issue an Invitation to Submit a Final Tender (ISFT) and all tenderers will have opportunity to provide a Combined Proposal (i.e. a potential 'winner takes all proposal' where a tenderer bids to finance all of the units under Lots 1, 2 and 3 for the relevant manufacturers). The Combined Proposal can be submitted on the basis of either an 8 plus 8-year lease and/or a 10 plus 10-year lease. In addition, the five tenderers who provided the lowest Indicative Lease Rates for the preferred MMU Manufacturer will have the opportunity to submit a Final Tender Response in respect of the MMUs, on the basis of either an 8 plus 8-year lease and/or a 10 plus 10-year lease, in respect of that preferred Manufacturer. As described above, these responses to the ISFT can be submitted on either the basis of an 8 plus 8-year lease and/or a 10 plus 10year lease. Following the submission of responses to the ISFT, NTL will evaluate the Combined Proposal responses and the responses to the various preferred Manufacturer / Lot combinations. These evaluations will be based on the total of the Initial lease Term Lease Rate (first eight or ten years), the Extended Term Lease Rate (years 9-16 or 11-20) and the average of these two rates will be used to determine the lease rate for the residual life of the asset. NTL will then compare the best value Combined Proposal against the aggregated best value Manufacturer / Lot combinations to determine which solution has provided the best overall value for money to determine the successful tenderer(s). NTL is procuring on its own behalf and will enter into the relevant contract documents where such contracts are awarded. However, the contract documents also permit the transfer of the contracts to Transferee Train Operating Companies who in future may either (i) operate over any part of the Northern network and/or (ii) lease or sub-lease the rolling stock. In the event that such provisions are utilised, this procurement is also to be for the benefit of the Transferee Train Operating Companies in accordance with regulation 55 of the Utilities Contracts Regulations 2016. However, NTL is responsible for the conduct of the procurement throughout and all correspondence and communication from financiers is to be solely with NTL. The meaning of Transferee Train Operating Companies includes all those train operating companies who, currently or in the future, provide services for the carriage of passengers by railway: c) under a franchise agreement with the Secretary of State within the meaning of section 23(3) of the Railways Act 1993 or d) under, or secured under, the Secretary of State's duty in section 30(1) of the Railways Act 1993; or in accordance with legislation which supersedes or amends the powers referred to in a) and b), including where such powers are transferred from the Secretary of State to another body. Additional information: The maximum contract term is 240 months i.e. if the lease is let on a 10 plus 10 years basis and it runs for the full 20 year term. As described in this contract notice three other lease terms are possible: a/. 96 months, i.e. if the lease is let on a 8 plus 8 years basis, but is terminated after the initial 8-year term; b/. 120 months, i.e. if the lease is let on a 10 plus 10 years basis but is terminated after the initial 10-year term; and, c/ 192 months, i.e. if the lease is let on an 8 plus 8 years basis and runs for the full 16 year term.

Contract period

Duration In Days
7,200

Submission terms

Variant Policy
notAllowed
Entry 3
Id
3
Title
Battery Electric Multiple Units (BEMU)
Status
active
Has Options
No
Has Renewal
No
Description
Lot 3: Battery Electric Multiple Units (BEMU) This finance procurement solely relates to financing the Phase One rolling stock and associated equipment (including simulators, spares and tooling). Lot 3 is the financing of the estimated requirement of 8 x 4-vehicle Battery Electric Multiple Units (BEMUs). During the procurement process, tenderers will be requested to provide Indicative Lease Rates for these BEMUs. The purpose of these rates is to support the evaluation of the manufacturer tender on a Whole Life Cost basis. These Indicative Lease Rates can be submitted on the basis of either an 8 plus 8-year lease and/or a 10 plus 10-year lease for the various BEMU Manufacturers. No other Lease terms or combination of Lease terms will be accepted at this or any following stage. These Indicative Lease Rates for the BEMUs will be evaluated based on the assumed useful life of the units (being 35 years). The Residual Lease Term will be calculated as an average of the Initial Term Lease Rate (first eight or ten years) and the Extended Term Lease Rate (years 9-16 or 11-20) and this will be used to determine the lease rate for the residual life of the asset (being years 17-35 or 20-35). It is reiterated that these Indicative Lease Rates are to support the evaluation of the manufacturer tender by enabling the lease cost associated with that manufacturer's solution to be included in the Whole Life Cost analysis. Later in the procurement process NTL will issue an Invitation to Submit a Final Tender (ISFT) and all tenderers will have opportunity to provide a Combined Proposal (i.e. a potential 'winner takes all proposal' where a tenderer bids to finance all of the units under Lots 1, 2 and 3 for the relevant manufacturers). The Combined Proposal can be submitted on the basis of either an 8 plus 8-year lease and/or a 10 plus 10-year lease. In addition, the three tenderers who provided the lowest Indicative Lease Rates for the preferred BEMU Manufacturer will have the opportunity to submit a Final Tender Response in respect of the BEMUs, on the basis of either an 8 plus 8-year lease and/or a 10 plus 10-year lease, in respect of that preferred Manufacturer. As described above, these responses to the ISFT can be submitted on either the basis of an 8 plus 8-year lease and/or a 10 plus 10year lease. Following the submission of responses to the ISFT, NTL will evaluate the Combined Proposal responses and the responses to the various preferred Manufacturer / Lot combinations. These evaluations will be based on the total of the Initial lease Term Lease Rate (first eight or ten years), the Extended Term Lease Rate (years 9-16 or 11-20) and the average of these two rates will be used to determine the lease rate for the residual life of the asset. NTL will then compare the best value Combined Proposal against the aggregated best value Manufacturer / Lot combinations to determine which solution has provided the best overall value for money to determine the successful tenderer(s). NTL is procuring on its own behalf and will enter into the relevant contract documents where such contracts are awarded. However, the contract documents also permit the transfer of the contracts to Transferee Train Operating Companies who in future may either (i) operate over any part of the Northern network and/or (ii) lease or sub-lease the rolling stock. In the event that such provisions are utilised, this procurement is also to be for the benefit of the Transferee Train Operating Companies in accordance with regulation 55 of the Utilities Contracts Regulations 2016. However, NTL is responsible for the conduct of the procurement throughout and all correspondence and communication from financiers is to be solely with NTL. The meaning of Transferee Train Operating Companies includes all those train operating companies who, currently or in the future, provide services for the carriage of passengers by railway: e) under a franchise agreement with the Secretary of State within the meaning of section 23(3) of the Railways Act 1993 or f) under, or secured under, the Secretary of State's duty in section 30(1) of the Railways Act 1993; or in accordance with legislation which supersedes or amends the powers referred to in a) and b), including where such powers are transferred from the Secretary of State to another body. Additional information: The maximum contract term is 240 months i.e. if the lease is let on a 10 plus 10 years basis and it runs for the full 20 year term. As described in this contract notice three other lease terms are possible: a/. 96 months, i.e. if the lease is let on a 8 plus 8 years basis, but is terminated after the initial 8-year term; b/. 120 months, i.e. if the lease is let on a 10 plus 10 years basis but is terminated after the initial 10-year term; and, c/ 192 months, i.e. if the lease is let on an 8 plus 8 years basis and runs for the full 16 year term.

Contract period

Duration In Days
7,200

Submission terms

Variant Policy
notAllowed

Items and delivery

Item 1
Id
1
Related Lot
1

Delivery locations

Entry 1
Region
UKC
Entry 2
Region
UKD
Entry 3
Region
UKE
Entry 4
Region
UKC
Entry 5
Region
UKD
Entry 6
Region
UKE
Entry 7
Region
UKC
Entry 8
Region
UKD
Entry 9
Region
UKE

Additional Classifications

Entry 1
Id
66114000
Scheme
CPV
Description
Financial leasing services
Item 2
Id
2
Related Lot
2

Delivery locations

Entry 1
Region
UKC
Entry 2
Region
UKD
Entry 3
Region
UKE
Entry 4
Region
UKC
Entry 5
Region
UKD
Entry 6
Region
UKE
Entry 7
Region
UKC
Entry 8
Region
UKD
Entry 9
Region
UKE

Additional Classifications

Entry 1
Id
66114000
Scheme
CPV
Description
Financial leasing services
Item 3
Id
3
Related Lot
3

Delivery locations

Entry 1
Region
UKC
Entry 2
Region
UKD
Entry 3
Region
UKE
Entry 4
Region
UKC
Entry 5
Region
UKD
Entry 6
Region
UKE
Entry 7
Region
UKC
Entry 8
Region
UKD
Entry 9
Region
UKE

Additional Classifications

Entry 1
Id
66114000
Scheme
CPV
Description
Financial leasing services

Published documents

Entry 1
Id
economic1
Document Type
economicSelectionCriteria
Entry 2
Id
technical1
Document Type
technicalSelectionCriteria

Buyer, suppliers and contacts

Organisation 1
Id
GB-COH-03076444
Name
NORTHERN TRAINS LIMITED

Roles

buyer

Address

Region
UKE21
Locality
YORK
Postal Code
YO16JT
Country Name
United Kingdom
Street Address
George Stephenson House

Details

Classifications

Entry 1
Id
RAILWAY_SERVICES
Scheme
TED_CE_ACTIVITY
Description
Railway services

Identifier

Id
03076444
Scheme
GB-COH
Legal Name
NORTHERN TRAINS LIMITED

Contact

Name
John Wilson
Organisation 2
Id
GB-FTS-43877
Name
High Court of England and Wales

Roles

reviewBody

Address

Locality
London
Postal Code
EC4A 1NL
Country Name
United Kingdom

Identifier

Legal Name
High Court of England and Wales

Recorded locations

  • Buyer location · YORK · UKE21 · YO16JT · United Kingdom
  • Delivery location · UKC
  • Delivery location · UKD
  • Delivery location · UKE

Notice and amendment history

1 published notice version reviewed by ProcuraAxis.

1 VERSION
  1. ocds-h6vhtk-04e614-2025-03-17T15:16:57Zcompiled ·