Rolling Stock: Procurement

Transport written question – answered on 17th May 2012.

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Photo of Maria Eagle Maria Eagle Shadow Secretary of State for Transport

To ask the Secretary of State for Transport what the reasons are for the time taken to finalise the Thameslink rolling stock contract; and when she expects the contract to be finalised.

Photo of Theresa Villiers Theresa Villiers The Minister of State, Department for Transport

The Department expects to conclude the core project agreements with Siemens and Cross London Trains shortly, following which Cross London Trains and their lending banks then need to conclude the financing documentation required to secure the necessary equity and debt funding for the project.

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