Concessio Canonical ID
GB13P0000011
Registry Preview
Overview
Expiry
2034
8 years remaining
Last trade
Sep 2011
Deep Scan
Investment ThesisLocked
Nottingham Express Transit Phase 2 is an operational Private Finance Initiative rail concession in the United Kingdom, with 8 years remaining to the 2034 contract end — grantor Nottingham City Council, operated by Nottingham Tramlink.
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Public Registry Fields
General Information
Display format
GB-13-P-000001-1
Country
United Kingdom (GB)
Sector
Rail (13)
Family
Transport
Structure
PFI/PF2 (P) · Private Finance Initiative
Grantor
Nottingham City Council
Operator
Nottingham Tramlink
Financial close
15 Dec 2011
Operations start
25 Aug 2015
Contract end
20 Mar 2034
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Contract Economics
Financial Terms & ClausesLocked
| Term | Value | Price base | Period | As of |
|---|---|---|---|---|
| Indexation basis | ||||
| Availability deductions | ||||
| Performance deductions | ||||
| Market testing / benchmarking | ||||
| Termination compensation | ||||
| Change in law | ||||
| Handback provisions |
Locked rows show the standard UK PFI project agreement term set tracked by Concessio; extracted values render as they are verified against primary sources. Full clause text and citations are available in the app.
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Sector-Benchmarked
Operating KPIsLocked
| Metric | Latest | Period | Sector percentile | Coverage |
|---|---|---|---|---|
| Concession period (years) | 18.6 | — | 5th |
registry |
| Availability (%) | ||||
| Deductions (% of UC) | ||||
| Lifecycle spend vs plan (%) |
Percentile bars show this concession's position against Rail benchmark cohorts in the registry (largest cohort n=372). Interquartile band shaded. Locked rows show the standard KPI set for this asset class — series and percentile placement unlock in the app.
Equity History
Ownership & TransactionsLocked
| Date | Event | Stake | Consideration | Implied EV | Counterparty |
|---|
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Counterparties
Parties & ContactsPartial
Grantor
Nottingham City Council
Department for Transport (DfT) · United Kingdom
Operator / SPV
Nottingham Tramlink
Company No. 7599425
In the full profile
Sponsors / equity holders
Senior lenders
O&M contractor
Financial adviser
Legal adviser
Diligence Signals
Risk & CounterpartyLocked
Diligence signals
Grantor election exposure
Disputes & precedent
The full risk register covers counterparty credit, political cycle, regulatory determinations and dispute history for concessions in this class.
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Public Record
FAQs
Who is the grantor of this concession?
The grantor on file is Nottingham City Council.
Who operates Nottingham Express Transit Phase 2?
The operator on record is Nottingham Tramlink.
When does the concession expire?
The contract end on file is 20 Mar 2034 — 8 years remaining.
Who holds the equity?
Per the HMT 2025 return: Meridiam Infrastructure NET Sarl (42.5%), Aberdeen European Infrastructure (20%), Alstom Transport UK (12.5%), Keolis (UK) (12.5%), Wellglade Holdings (12.5%). Transaction history is available in the platform.
Transparency
Data & Sources
How this entry is verified
Registry identity fields; verification expands by tranche.
How Concessio sources data
Records are extracted from primary public sources — regulatory filings, government disclosures and official registries — and cross-checked before entering the platform. Every published datum carries its source citation in the app.