Virgin set to choose pounds 300m tilting train bidder
Wednesday 03 December 1997
Four train-makers - Adtranz, Bombardier, Siemens and GEC Alsthom - have lined up to bid for the lucrative deal, which industry insiders say would be worth more than pounds 300m.
With the announcement of the preferred bidder to be made this week, executives could see the value of the contract increase by up to 25 per cent.
If Richard Branson, the chairman of Virgin, commits his company to the order - which would be in addition to the 55 high-speed trains for his West Coast operation - it would make him the "tilting train tycoon of Europe".
Managers at Virgin have been attracted by the huge time savings tilting trains would provide. Calculations suggest the twists and turns of many of CrossCountry's routes would see significant journey time reductions.
For example, the trip from Birmingham to Bristol, which can take more than one and a half hours, could be cut by 30 minutes.
The other advantage of tilting trains is that they allow higher frequencies on many routes. One lucrative service that would benefit is Birmingham to Manchester.
Any tilting train order for CrossCountry would seem to favour Adtranz and GEC - as both are also bidding to build tilting trains for Virgin's West Coast service. However industry sources point out that Virgin could lose out if it only chose one supplier.
food + drinkMichelin-starred Tom Sellers on being this year's hottest property
tvParents (and kids) rejoice! A new wave of fantastic family entertainment is here
booksGeese, gorillas, grandads... and growing up
food + drinkHow one grocery e-tailer is gearing up for the Yuletide rush
food + drink
travelFor broadcaster Mishal Husain, a long-haul Club Med holiday was a chance for her family to explore its sense of 'zen' and 'animation'
Nelson Mandela: 11 inspirational quotes to live your life by
Queen to miss Nelson Mandela funeral over security and long-haul flight concerns
'Never a good time to increase MPs' pay': Jack Straw defends politicians' 11% pay rise in face of public outrage
The 'terrorist' and the Tories: What did Nelson Mandela really think of Margaret Thatcher?
Japan cracks down on leaks after scandal of Fukushima nuclear power plant
- 1 Hundreds arrested as Canadian police smash worldwide paedophile ring
- 2 Sherlock series 3: Benedict Cumberbatch and Martin Freeman provide teasers for the biggest comeback in British television
- 3 The man who made Femen: New film outs Victor Svyatski as the mastermind behind the protest group and its breast-baring stunts
- 4 Mass murder in the Middle East is funded by our friends the Saudis
- 5 Japan cracks down on leaks after scandal of Fukushima nuclear power plant
- < Previous
- Next >
iJobs Money & Business
£25000 - £50000 per annum + Benefits + Bonus: Harrington Starr: C++ Server Dev...
£300 - £350 per day: Harrington Starr: Leading Electronic Trading Software Ven...
£80000 - £100000 per annum + benefits + bonus: Harrington Starr: Project Manag...
£50000 - £60000 per annum + benefits + bonus: Harrington Starr: Business Analy...