This is an investment and commercialisation opportunity in relation to the Global Centre of Rail Excellence ("GCRE"), a planned railway infrastructure and rolling stock testing, proving, demonstration and storage facility in South Wales, on a site of 700 hectares located within the Powys and Neath Port Talbot local authorities. GCRE is being developed by GCRE Ltd, wholly owned by the Welsh Government. Through this procurement process, GCRE Ltd is seeking a joint venture partner ("Strategic Investor") to develop and fund GCRE to completion. The Strategic Investor will play a lead role in its successful and timely implementation, along with further commercialisation of the GCRE opportunity. The Strategic Investor could be a single investor or a consortium of investors, who will acquire a majority shareholding in and control of GCRE Ltd (being a minimum of 51%). The GCRE team will be holding an event in London on Wednesday 7 December 2022 to discuss the opportunity ahead in more detail with potential Strategic Investors. Those wishing to register for the event can do so here: https://directory.railbusinessdaily.com/gcre/

GCRE LtdWalesWAC-277017

Value undisclosed

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Northern Ireland

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Private SectorOpen

Rail Systems & Other Requirements

GCRE is embarking on an ambitious project to design and build a new rail test track facility in South Wales. Procurement potentially may include works associated with passive rail systems (including but not limited to permanent way, overhead line electrification, civils works etc), active rail systems (including but not limited to signalling, SCADA, power, telecoms etc), fencing, depot and buildings related requirements and bulk purchase of materials. These may be split into Lots or a number of Contract Notices depending on final strategy. This PIN is an invitation to a Market Engagement/Meet the Buyer event to inform and consult with prospective suppliers about the opportunities, to discuss current thinking and innovation and ensure that GCRE is in the best possible position to launch formal procurement process(s) in early 2023. Date: 2nd November 2022 Time: starting at 1:30pm Location: City Hall, Cardiff Registration details can be found via the following link https://directory.railbusinessdaily.com/directory/gcre/

GCRE LtdWalesWAC-289218

£250,000,000

Contract value

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