Funders attracted to rolling stock investment

摘要

While investment by pension funds in transport infrastructure is now accepted, City insiders report that rolling stock is becoming increasingly popular as a quality asset for long-term investment. The nominal 30 to 35-year book life of new trains, backed by the security of long-term franchises in a capacity-constrained market, matches the requirements of insurance companies which need to place substantial sums with confidence in a long-term return.