Aberdeen Investments, Rock Rail reach financial close on UK battery-electric train fleet for TransPennine Express

• Aberdeen Investments, via its Next Generation Rail Fund, reached financial close with Rock Rail to fund battery-electric bi-mode trains for TransPennine Express.
• Transaction supports delivery of 29 new five-car trains tied to the £11 billion Transpennine Route Upgrade.
• Fleet to be built by Alstom in Derby; battery-charging infrastructure planned for Hull, Scarborough, Saltburn.
• Rock Rail cited more than £1 billion of investment into trains for northern England linked to the project.
• Senior debt package backed by banks and institutional lenders including Barclays, Lloyds, NatWest, MetLife, NORD/LB, Scottish Widows.

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