Insights

Corelink team attend West Midlands Train Launch

News
18/10/2022

Jacqui Nelson and Ed Spracklen from Centrus were delighted to attend the launch event, on 14 October, of the Class 196 multiple unit fleet built by CAF and financed by Centrus’s client, Corelink Rail Infrastructure Limited. Corelink is leasing this fleet to West Midlands Train. The train will enter passenger service shortly.

Corelink was established in 2017 to own and lease the Class 196 fleet and two fleets of Alstom Class 730 Aventra multiple units.  The total acquisition price of the rolling stock was c£680 million. The Aventra fleets are under construction and delivery of Aventra units to Corelink has commenced.

The Centrus team structured and closed the financing in December 2017 and Centrus has continued to act for Corelink in managing the construction phase and commencement of leasing.