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Contract awardedRolling stock leasing

Class 350 Lease

Lease of 37 Class 350/2 electric multiple units to replace an existing fleet of 34 Class 323 units. The contract includes a break clause at 8 years linked to reliability and availability performance targets, provisions for sub-leasing to other operators, and mechanisms for rolling stock modifications. The agreement facilitates the early termination of the current Class 323 lease and allows for the assignment or novation of rights to other public sector operators.

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Awarded value
£222m
As published
Published
13 July 2026
Awarded
13 July 2026
Porterbrook
Contract length
192 months
Ends 16 August 2042

What the contract covers

Provision of long-term rolling stock leasing services for electric multiple unit train fleets for regional rail network operations.

  • Lease a fleet of 37 Class 350/2 electric multiple units for operation on the Northern Network, primarily in the Greater Manchester area.

Terms and requirements

Procedure
Direct award
Initial term
192 months
Contract dates
17 August 2026 to 16 August 2042
Certifications asked for
None stated
Lots
1
Suitable for SMEs
Not stated
CPV codes
66114000, 34620000

Services in this contract

Lifecycle

  1. Published
  2. Contract awardedto Porterbrook
  3. Contract starts
  4. Contract ends
The buyer

Northern Trains Limited

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The supplier

Porterbrook

Contracts won, 24 months
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Cite this contract

Link
https://bidskim.com/tender/3637545/class-350-lease
Buyer reference
Not published
Open contracting ID
ocds-h6vhtk-06c9fb
Last checked
5 November 2026

Northern Trains Limited. Class 350 Lease. Contract award, 13 July 2026. BidSkim, https://bidskim.com/tender/3637545/class-350-lease (accessed 5 November 2026).