Thursday, 19 January 2017

Abellio sells 40% of their Greater Anglia stake to Japanese based Mitsui

This is a follow up to my previous article titled ‘Abellio wins East Anglia railway franchise’.

Abellio has sold 40% of their Greater Anglia stake to Mitsui Group, which is one of the largest trading companies in Japan.

From Mitsui

Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Tatsuo Yasunaga) has entered into an agreement with Abellio Transport Group Limited ("Abellio UK") to acquire a 40% stake in the East Anglia franchise ("Project"). After obtaining regulatory approval, Mitsui will make the relevant capital investment and complete this transaction.

This Project operates passenger rail services in the eastern region of England, extending from southern areas around London to important regional hubs such as Cambridge and Norwich, which are expanding their populations as commuter towns. The rolling stock used for these railway services is very old, with an average age of 26 years. The full replacement of the rolling stock is planned to improve the operation of these rail services.

Abellio UK is a wholly owned subsidiary of the Nederlandse Spoorwegen N.V. Group ("NS"), the national railway of Netherlands, which operates public transportation trains and buses in the UK.

Mitsui has built up vast experience in railway infrastructure construction and freight car and locomotive leasing business in the railway industry in the Americas, Europe, Asia and others. In 2007, Mitsui participated in São Paulo Subway line No. 4 PPP, which is its first concession/PPP business for passenger railways. Furthermore, in 2014, Mitsui fully participated in the general cargo rail transportation business and the passenger railway operation in Brazil. Through these projects, Mitsui has strengthened and widened its involvement in the railway operation field and is expanding its railway business.

Mitsui intends to contribute to the development of this franchise and enhance the value of the Project by utilizing its experience and expertise. Through this Project, Mitsui will work to gain further knowledge of the UK public-private partnership model which focuses on generating passenger demand by improving the operation service, and expand Mitsui's railways business in the UK and other countries.

Here’s the diagram of the ownership for Greater Anglia train company.

Also, Abellio has their own press release in a PDF format which you can read here.

For the maps and timetables of the train companies that serve Greater London – the links to the train company sites have been compiled in to one article which you can view here.

As always, I invite you to follow me on Twitter and Google Plus which is @CLondoner92


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