Hogan Lovells advises Department for Transport on IEP East Coast financing

Hogan Lovells has advised the Department for Transport (DfT) on the financing of the £2.7bn East Coast phase of the UK’s Intercity Express (IEP) programme, which closed on 15 April 2014.

The IEP, worth a total of £5.7bn, comprises the design, build, finance and maintenance of around 122 trains over a period of 30 years. It also provides for the construction and upgrade of essential maintenance depots.

The Hogan Lovells team advising the DfT was led by London infrastructure partner Andrew Briggs, supported by leading rail expert Simon Gwynne and public-private-partnership finance partner Andrew Gallagher. The team was managed by senior associate Charles Ford, with the assistance of associate Elisabeth Bennett.

Additional support was provided by lawyers from the firm’s real estate, government regulatory and employment practices, as well as other members of the London infrastructure and rail teams.