MetLife and Scottish Widows among senior lenders as TPE battery-electric train deal reaches financial close
By IAN Editorial Desk
22 September 2026·1 min read
Primary source: aberdeenplc.com
Alstom says it has signed €1.2bn of supply and maintenance contracts with TPE for the 29 new trains.
Aberdeen Investments and Rock Rail announced on 11 September 2026 that they had reached financial close, through the Next Generation Rail Fund, on a transaction supporting battery-electric bi-mode trains and associated rail infrastructure for TransPennine Express (TPE). According to Aberdeen, the fund's equity investment is supported by senior debt from a mix of institutional investors and banks: Barclays, Intesa Sanpaolo's…
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