Mitsubishi & Co., Ltd. ("Mitsubishi", 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, Mitsubishi 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.

Mitsubishi 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, Mitsubishi participated in São Paulo Subway line No. 4 PPP, which is its first concession/PPP business for passenger railways. Furthermore, in 2014, Mitsubishi fully participated in the general cargo rail transportation business and the passenger railway operation in Brazil. Through these projects, Mitsubishi has strengthened and widened its involvement in the railway operation field and is expanding its railway business.

Mitsubishi 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, Mitsubishi 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 Mitsubishi's railways business in the UK and other countries.

Project Details

Profile of Abellio UK

Profile of NS

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