Legal & General, has given the Wales and Borders Rail Franchise £200 million in order to introduce new rolling stock to the south Wales Metro.
The current fleet in service is ageing and so, this funding will enable the Wales and Border Franchise to replace the fleet. This will enable them to improve the capacity of services in Cardiff as well as the many valley lines that make up the metro route, much of which has been electrified.
The new fleet will be made up of around 60 new trains consisting of 36 light rail overhead electric and battery powered trains as well as 24 tri-mode trains which will be manufactured by Stadler with the aim of them entering operations in 2024.
The current diesel fleet will be replaced by the new metro fleet, helping to reduce emissions on the router while the tri-mode trains will be able to use the overhead electric lines as well as battery and diesel engines. This will be the fifth investment made in the industry by Legal & General, proving that it continues to commit to the infrastructure of the UK.
The head of infrastructure, Tom Sumpster has said that they are pleased to provide this financing, making it possible for Wales & Borders franchise to lower carbon emissions and provide a new level of transport. This will help to improve links between England and Wales. This is a clear indication that Legal & General are happy to invest in the UK railway provision while complementing its previous commitment to regenerating key areas of Cardiff such as the area surrounding the train station. Their ongoing commitment is a clear sign that they want to help the infrastructure in the UK to make great strides forward with the aim of enhancing the way in which people lead their lives. This includes the work and personal lives while bringing businesses and communities together.
The electrification work on the Core Valley Lines is being undertaken by KeolisAmey who also operates the new Wales and Border franchise