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Train deal 'largest in the world'

A fleet of trains will be built to slash journeys from London to Bristol in what has been hailed as the world’s largest privately financed rolling stock deal.

The Intercity Express Programme for Great Western Mainline will see Hitachi subsidiary Agility Trains deliver a mixture of electric and bi-mode electric-diesel high-speed trains between 2017 and 2019.

The fleet will increase peak capacity by 34 per cent and cut journey times from London to Bristol by more than 20 minutes.

Charlie Johnson-Ferguson, director at PwC, which advised the government on the deal, said: “In terms of deal size and value, the Intercity Express is without doubt, the biggest privately financed passenger rolling stock deal in history, anywhere in the world.”

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