Rail finance & leasing

Rail finance & leasing

"Shoosmiths are "real experts"."

Legal 500 2015 (Transport: Rail, London)

Our rail finance and leasing team has expertise built on involvement in the industry since privatisation, and understands the marketplace well.

It acts for a wide range of rail industry bodies, such as rolling stock manufacturers, leasing companies, and operators (passenger franchises and freight), plus a passenger transport executive.

We advise rail industry clients on a full range of sector services, including:

  • procurement of new rolling stock (passenger stock, locomotives and wagons) and ticketing and gating equipment (including in connection with EU procurement legislation)
  • manufacture and supply agreements for new fleets of rolling stock and ticketing and gating equipment
  • PFI transactions, including availability and reliability agreements
  • rail franchising
  • finance and leasing of assets for use in the sector 
  • health and safety issues 
  • property and construction matters (including projects concerning level crossings and cutting infills)
  • train services agreements

Work highlights

  • advising Porterbrook Leasing Company Limited on rolling stock supply, and a manufacture and supply agreement relating to the construction of 32 Class 387 Bombardier Electrostar Vehicles for lease to First Greater Western Limited
  • acting as the sole legal adviser to South Yorkshire Supertram (otherwise known as Stagecoach Supertram) on a pilot project for the Department for Transport for trialing a new fleet of Vossloh TramTrains on the South Yorkshire Supertram and on part of the Network Rail Heavy Rail Network between Sheffield and Rotherham
  • acting as the sole external legal adviser to Hitachi Rail (the lead member of the Agility Trains consortium) on The Department for Transport's Intercity Express Programme project which has a total reported value in excess of £7 billion.
  • advised Stagecoach South Western Trains Limited (SWT) on its procurement of a new fleet of Siemens Desiro City trains