Stephenson Harwood, Osborne Clarke and Clyde & Co advise on €600m new-build rolling stock deal
Stephenson Harwood, Osborne Clarke and Clyde & Co have advised their respective clients, the Spanish train manufacturer Construcciones y Auxiliar de Ferrocarriles (CAF), Eversholt Rail and Arriva Rail North Limited on the recently-announced €600,000,000 (c.£490,000,000) procurement of two substantial new fleets of CAF-built Civity UK rolling stock units that will serve the Northern passenger rail franchise. The deal also involves CAF providing technical support and spares supply services to the new fleets.