Cross London Trains, UK

Cross London Trains (XLT) is a PPP that owns a fleet of electric rolling stock operating on the Thameslink passenger rail route.

Operating across the North-South London commuter rail corridor that serves both Luton and Gatwick airports, the fleet of 115 Siemens Desiro City Class 700 trains was fully delivered in 2018 and has a strong operational track record. Long term maintenance obligations are retained by the manufacturer, Siemens, under a direct contractual arrangement with the franchise operator, Govia Thameslink Railway (GTR), and therefore sit outside of the project company’s delivery obligations.

The project benefits from a 20-year availability contract which commenced in 2016, and provides a guaranteed revenue stream which is fully backed by the UK Department for Transport.