Class 142 Diesel Multiple Unit
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Investor Presentation 2019
Eversholt Rail Investor Presentation 2nd December 2019 Contents • Strategic context • Refranchising, opportunities and challenges • New and existing fleet management • Financial overview • Conclusions • Q&A 1 Executive summary • 2015-2018 characterised by investment to grow balance sheet • General election result and Williams Review should set the industry’s direction of travel over the medium term • Business focused on long-term value while addressing strategic challenges and opportunities • Contracted new build programmes coming to a very successful conclusion: C802 fleet fully delivered, C397 in advanced state of delivery and C195/C331 fleets progressing well • Management effort shifting to maximising opportunities for fleets with leases expiring in the near future and exploring attractiveness of alternative growth opportunities 2 Strategic context Strategy Great Trains, Great People, Great Future To be recognised as the expert provider of transport asset financing and Vision asset management for the long term Two strands to our strategy: 1 Optimise our current portfolio through maximising asset utilisation and investing to enhance residual value (RV) 2 Developing opportunities for further growth in transport sector Maintain investment discipline: we will continue to be selective in choosing growth opportunities ensuring that they are the right assets for our portfolio Great Trains Great Great People Great Great FutureGreat C802 all units in service Company offsite C397 in service 2019 4 2019 – pressures across the rail industry Reshaping -
Gloucester Railway Carriage & Wagon Co. 1St
Gloucester Railway Carriage & Wagon Co. 1st Generation DMU’s for British Railways A Review Rodger P. Bradley Gloucester RC&W Co.’s Diesel Multiple Units Rodger P Bradley As we know the history of the design and operation of diesel – or is it oil-engine powered? – multiple unit trains can be traced back well beyond nationalisation in 1948, although their use was not widespread in Britain until the mid 1950s. Today, we can see their most recent developments in the fixed formation sets operated over long distance routes on today’s networks, such as those of the Virgin Voyager design. It can be argued that the real ancestry can be seen in such as the experimental Michelin railcar and the Beardmore 3-car unit for the LMS in the 1930s, and the various streamlined GWR railcars of the same period. Whilst the idea of a self-propelled passenger vehicle, in the shape of numerous steam rail motors, was adopted by a number of the pre- grouping companies from around the turn of the 19th/20th century. (The earliest steam motor coach can be traced to 1847 – at the height of the so-called to modernise the rail network and its stock. ‘Railway Mania’.). However, perhaps in some ways surprisingly, the opportunity was not taken to introduce any new First of the “modern” multiple unit designs were techniques in design or construction methods, and built at Derby Works and introduced in 1954, as the majority of the early types were built on a the ‘lightweight’ series, and until 1956, only BR and traditional 57ft 0ins underframe. -
Project the Latest Alternative Train Tech
SEE INSIDE FOR: A national traction climate strategy n Designing a ‘green’ project n The latest alternative train tech: batteries & hydrogen n The case for more wires Decarbonisation Special 76 Decarbonisation SMART TRANSPORT CONFERENCE 2019 Special CONTENTS Full steam ahead BCRRE introduces its 40soon-to-be-launched Centre of Excellence in Decarbonisation. Ready to charge VIVARAIL explains how its 42latest innovations will revolutionise rail traction. Bright spark Why HITACHI thinks that 44battery power is the answer to powering zero emissions trains ‘off the wires’. Industry taskforce How the recommendations of 46the Decarbonisation Taskforce final report are now being implemented. The market leader ALSTOM seeks to expand the 52reach of the world’s only DATE: 17 MARCH 2020 in-service hydrogen-powered trains. PHIL METCALFE. Mean, green machine VENUE: ETC VENUES, How SIEMENS MOBILITY is 54perfectly in step with the UK’s COUNTY HALL, LONDON ambition to phase out diesel trains. Smart money Welcome SYSTRA tells RAIL how cutting Find out about local and national a project’s carbon footprint n June 12 2019, in one of her final to achieve this vision. 56 does not always mean increasing the cost. government transport challenges acts as Prime Minister, Theresa Meanwhile, Network Rail’s Head of ADVANCED • May announced that the UK will Strategic Planning Helen McAllister provides Listen to multi-modal solutions Oend its net contribution to global an update on the Traction Decarbonisation RATE NOW greenhouse gas emissions by 2050. Network Strategy (TDNS), which is being Current beliefs AVAILABLE • By amending the Climate Change Act 2008 developed to inform government decisions on Why electrification remains Network with senior public and to incorporate this target, it made the UK the providing support for further electrification, 58the future of UK railways, first G7 country to legally implement a net alongside the deployment of alternative according to FURRER + FREY. -
Transport Committee Inquiry Into Passenger Rail Franchising June 2006
House of Commons Transport Select Committee Inquiry into Passenger Rail Franchising Submission from pteg pteg welcomes the opportunity to submit evidence to the House of Commons Select Committee Inquiry into Passenger Rail Franchising. This evidence is presented on behalf of the English Passenger Transport Executives: Nexus, Merseytravel, Greater Manchester PTE, Metro, South Yorkshire PTE & Centro. What should be the purpose of passenger rail franchising? Passenger rail franchising should be the mechanism by which the public sector can specify the standard and quality of passenger rail services it can afford. The process as a whole should secure for the public sector the best value for money rail service that meets both national and local objectives. The process should drive up quality in particular through:- Improved train service performance Improved quality of train services (in terms of both capacity and quality of passenger environment) Improved safety at stations and on trains Improved integration with other rail services and other modes Improved facilities on trains and at stations (including in the longer-term all facilities brought up but to be fully accessible) It provides an opportunity to import best practice and innovation particularly through allowing private sector operators to make reasonable returns, act commercially and be innovative in delivery mechanisms. The overall aim of passenger rail franchising should be to deliver consistent and improving standards across the network. Is the current system achieving that purpose? To a considerable extent but with caveats relating to specification and funding constraints. The franchising process has evolved significantly since the first franchises were developed by OPRAF. They, the SRA, and now the DfT, have had to balance the extent to which services are tightly specified with allowing Train Operating Companies sufficient incentives to exercise innovation. -
NETWORK and VEHICLE CHANGE COMMITTEE
NETWORK and VEHICLE CHANGE COMMITTEE Minutes of Meeting No.26 held at Kings Cross on 2 September 2004 Present: Bryan Driver (Independent Vice-Chairman in the chair) Chris Hassall Peter Heubeck Nigel Oatway Andrew Pennington Geoff Sandberg Mike Scott Apologies: Steve Carter In attendance: Chris Blackman Martin Shrubsole 26/1 Minutes of meeting no.25 The minutes of meeting no.25, held at Kings Cross on 17 August 2004, were approved without modification. The Chairman signed a copy of the minutes as a true record of the proceedings. A copy of the approved minutes will be circulated to all Industry Parties. 26/2 Matters arising from the previous meeting There were no matters arising. 26/3 Hearing of Reference NV74 The Committee heard reference NV74 received from CrossCountry Trains on the subject of format of operational documentation. The Determination NV74 of the Committee is attached. 26/4 Update on references The Secretary reported that the position on outstanding references received was as follows: nv47/51 [see minute 18/5] North Western Trains and English Welsh & Scottish Railway have not yet confirmed the current position on these references (concerning the WCRM Major Project notice 2004); NV61 is deferred for further discussions between CrossCountry Trains and Network Rail; the Committee will meet to hear any elements that remain unresolved as at 30 September 2004; chrisb\tp1-19/nv74/mins0209 1 NV64 is deferred for further discussions between North Western Trains and Network Rail; the Committee will meet to hear any elements that remain -
Diesel Multiple Unit (DMU) Fact Sheet February 2016
Oasis Rail Transit Diesel Multiple Unit (DMU) Fact Sheet February 2016 Approximately 17 miles in length, the proposed Oasis Rail Transit corridor extends between downtown Cincinnati and the City of Milford and would initially be served by seven stations. In addition to providing a new rail-based regional transportation option serving Eastern Corridor communities, the Oasis line would also offer new opportunities for community enhancement and development. PREFERRED RAIL VEHICLE TYPE: DMU One of the most prominent features considered for the Oasis line is the actual rail vehicle (or train) that would transport passengers to their destinations. Early studies completed for the Eastern Corridor Program recommended that self-propelled passenger coaches be considered as the preferred rail vehicle type. Further studies explored in more detail the technologies available for the line including: • Diesel-powered locomotives pulling single or bi-level passenger coaches • Electrically-powered streetcar-type vehicles • Electrically-powered light rail vehicles call Electric Multiple Units (EMU/LRT) • Diesel-powered passenger cars (Diesel Multiple Units or DMUs) The results of those studies confirmed that diesel-powered passenger cars, or DMUs, would be the most appropriate technology for the Oasis Rail Transit line. Features of DMUs that made it stand out beyond other rail vehicle choices included: • DMUs are flexible in terms of operational capabilities and can efficiently serve the 17-mile Oasis corridor – which is too short for traditional “push-pull” locomotives and coach cars but More information about rail generally too long for streetcar-type vehicles – and efficiently vehicles is available in the Oasis manage the spacing between stations. -
Railway Services for Rural Areas
S Rural Railways pecial Feature Railway Services for Rural Areas John Welsby Railways in Britain were nationalised in ous 50 years or more, with steam trains, Early Days 1948, and the British Transport Commis- full signalling and even the smallest sta- sion was established to plan and coordi- tions being staffed, often with four or more The railway network in Britain was at its nate transport by rail, road, sea and ca- men. Timetables reflected pre-war travel most extensive in 1912 when 23,440 nal. At this stage, the only problem with patterns and services tended to be slow miles of route (37,504 route km) were the rail network was perceived to be un- and infrequent. open and every city, town and most vil- der-investment, and a major moderniza- The Great Western Railway had intro- lages were served by train. At this stage, tion programme was drawn up in 1955 duced a small fleet of diesel railcars in the railways were the dominant mode of for electrification of key routes, new sig- 1934 and British Railways introduced the transport in the country, with little com- nalling at major stations and replacement first of its DMUs in 1954, initially on the petition from road or the canals, which of steam locomotives. Carlisle-Silloth branch (now closed). The they had superseded. The railway was a With relatively few cars on the roads, and modernization programme, was imple- general purpose “common carrier” and, limited availability of new cars in post- mented before any decisions were made as well as passengers, the country station war Britain, the competitive threat from about the future of rural railways, or of would have handled the freight traffic of the explosion in car ownership in the the overall size of the rail network. -
Competitive Tendering of Rail Services EUROPEAN CONFERENCE of MINISTERS of TRANSPORT (ECMT)
Competitive EUROPEAN CONFERENCE OF MINISTERS OF TRANSPORT Tendering of Rail Competitive tendering Services provides a way to introduce Competitive competition to railways whilst preserving an integrated network of services. It has been used for freight Tendering railways in some countries but is particularly attractive for passenger networks when subsidised services make competition of Rail between trains serving the same routes difficult or impossible to organise. Services Governments promote competition in railways to Competitive Tendering reduce costs, not least to the tax payer, and to improve levels of service to customers. Concessions are also designed to bring much needed private capital into the rail industry. The success of competitive tendering in achieving these outcomes depends critically on the way risks are assigned between the government and private train operators. It also depends on the transparency and durability of the regulatory framework established to protect both the public interest and the interests of concession holders, and on the incentives created by franchise agreements. This report examines experience to date from around the world in competitively tendering rail services. It seeks to draw lessons for effective design of concessions and regulation from both of the successful and less successful cases examined. The work RailServices is based on detailed examinations by leading experts of the experience of passenger rail concessions in the United Kingdom, Australia, Germany, Sweden and the Netherlands. It also -
Trains Galore
Neil Thomas Forrester Hugo Marsh Shuttleworth (Director) (Director) (Director) Trains Galore 15th & 16th December at 10:00 Special Auction Services Plenty Close Off Hambridge Road NEWBURY RG14 5RL Telephone: 01635 580595 Email: [email protected] Bob Leggett Graham Bilbe Dominic Foster www.specialauctionservices.com Toys, Trains & Trains Toys & Trains Figures Due to the nature of the items in this auction, buyers must satisfy themselves concerning their authenticity prior to bidding and returns will not be accepted, subject to our Terms and Conditions. Additional images are available on request. If you are happy with our service, please write a Google review Buyers Premium with SAS & SAS LIVE: 20% plus Value Added Tax making a total of 24% of the Hammer Price the-saleroom.com Premium: 25% plus Value Added Tax making a total of 30% of the Hammer Price 7. Graham Farish and Peco N Gauge 13. Fleischmann N Gauge Prussian Train N Gauge Goods Wagons and Coaches, three cased Sets, two boxed sets 7881 comprising 7377 T16 Graham Farish coaches in Southern Railway steam locomotive with five small coaches and Livery 0633/0623 (2) and a Graham Farish SR 7883 comprising G4 steam locomotive with brake van, together with Peco goods wagons tender and five freight wagons, both of the private owner wagons and SR all cased (24), KPEV, G-E, boxes G (2) Day 1 Tuesday 15th December at 10:00 G-E, Cases F (28) £60-80 Day 1 Tuesday 15th December at 10:00 £60-80 14. Fleischmann N Gauge Prussian Train Sets, two boxed sets 7882 comprising T9 8177 steam locomotive and five coaches and 7884 comprising G8 5353 steam locomotive with tender and six goods wagons, G-E, Boxes F (2) £60-80 1. -
University of Southampton Research Repository Eprints Soton
University of Southampton Research Repository ePrints Soton Copyright © and Moral Rights for this thesis are retained by the author and/or other copyright owners. A copy can be downloaded for personal non-commercial research or study, without prior permission or charge. This thesis cannot be reproduced or quoted extensively from without first obtaining permission in writing from the copyright holder/s. The content must not be changed in any way or sold commercially in any format or medium without the formal permission of the copyright holders. When referring to this work, full bibliographic details including the author, title, awarding institution and date of the thesis must be given e.g. AUTHOR (year of submission) "Full thesis title", University of Southampton, name of the University School or Department, PhD Thesis, pagination http://eprints.soton.ac.uk UNIVERSITY OF SOUTHAMPTON FACULTY OF ENGINEERING AND THE ENVIRONMENT Transportation Research Group Investigating the environmental sustainability of rail travel in comparison with other modes by James A. Pritchard Thesis for the degree of Doctor of Engineering June 2015 UNIVERSITY OF SOUTHAMPTON ABSTRACT FACULTY OF ENGINEERING AND THE ENVIRONMENT Transportation Research Group Doctor of Engineering INVESTIGATING THE ENVIRONMENTAL SUSTAINABILITY OF RAIL TRAVEL IN COMPARISON WITH OTHER MODES by James A. Pritchard iv Sustainability is a broad concept which embodies social, economic and environmental concerns, including the possible consequences of greenhouse gas (GHG) emissions and climate change, and related means of mitigation and adaptation. The reduction of energy consumption and emissions are key objectives which need to be achieved if some of these concerns are to be addressed. -
Government Response to the Committee's Fourth Report: Railways in the North of England
House of Commons Transport Committee Government Response to the Committee's Fourth Report: Railways in the North of England Second Special Report of Session 2002–03 Ordered by The House of Commons to be printed 22 October 2003 HC 1212 Published on date 27 October 2003 by authority of the House of Commons London: The Stationery Office Limited £0.00 The Transport Committee The Transport Committee is appointed by the House of Commons to examine the expenditure, administration, and policy of the Department for Transport and its associated public bodies. Current membership Mrs Gwyneth Dunwoody MP (Labour, Crewe) (Chairman) Tom Brake MP (Liberal Democrat, Carshalton and Wallington) Mr Gregory Campbell MP (Democratic Unionist, East Londonderry) Mr Brian H. Donohoe MP (Labour, Cunninghame South) Clive Efford MP (Labour, Eltham) Mrs Louise Elllman MP (Labour/Co-operative, Liverpool Riverside) Mr Ian Lucas MP (Labour, Wrexham) Mr George Osborne MP (Conservative, Tatton) Mr John Randall MP (Conservative, Uxbridge) Mr George Stevenson MP (Labour, Stoke-on-Trent South) Mr Graham Stringer MP (Labour, Manchester Blackley) Powers The committee is one of the departmental select committees, the powers of which are set out in House of Commons Standing Orders, principally in SO No 152. These are available on the Internet via www.parliament.uk. Publications The Reports and evidence of the Committee are published by The Stationery Office by Order of the House. All publications of the Committee (including press notices) are on the Internet at www.parliament.uk/parliamentary_committees/transport_committee.cfm. A list of Reports of the Committee in the present Parliament is at the back of this volume. -
Getting on the Right Track
spotlight LEVERAGED FINANCE GETTING ON THE RIGHT TRACK JOANNA HAWKES OF ANGEL TRAINS EXPLAINS SOME OF THE ISSUES FACING THE ROLLING STOCK LESSOR IN THE FUNDING AND LEASING OF TRAINS TO THE OPERATING COMPANIES. he purpose of this article is to outline the issues facing the rolling stock lessor, both from the perspective of financing the purchase of rolling stock, as well as leasing it to the trains operating companies (Tocs). It focuses mainly on the Tactivities and experiences of Angel Trains (Angel). BACKGROUND. The three rolling stock leasing companies (Roscos) Angel, Porterbrook Leasing and HSBC Rail (formerly Eversholt tandem with extended and renegotiated franchises. As the market Leasing) were originally formed in 1994 out of the privatisation of has developed, lease contracts have become more bespoke and very British Rail. Their business is owning, maintaining and leasing rolling heavily negotiated. stock. At the time of public offer, fears of re-nationalisation under For a number of reasons – partly strategic, partly historic – Angel an incoming Labour government were high. Offers to buy from the Trains finances about 80% of its portfolio in the banking market, finance sector were limited and consequently two of the three were rather than via its parent. Figure 2 illustrates the current simplified the subject of management buy outs. Over subsequent years, industry structure. however, Roscos have migrated towards their natural home for UK leasing companies, and each has become a subsidiary of a big TYPES OF LEASES. There are a number of variations in the types of financial institution: Royal Bank of Scotland (Angel), Abbey National lease structures, but generally capital rentals are fixed.