\r\nTen of the locomotives, designated class 88 in Britain, are being built by Stadler Rail Valencia\u2019s Albuixech plant, which Stadler acquired from Vossloh last year. The locomotives, financed by Beacon Rail Leasing, were ordered in 2013 and are an electro-diesel development of the earlier Eurolight UK (class 68), 34 of which have now been sold to DRS (via Beacon). Twenty-five class 68s are now in service.\r\nThe new class 88 is a 4MW electric and 708kW diesel locomotive utilising a CAT C27 engine and ABB traction equipment. The locomotive has a steel body incorporating monocoque construction.\r\nStadler revealed at the presentation of the class 88 that a new six-axle dual mode locomotive prototype with a 7MW output in electric mode and 3MW under diesel power is being built at Valencia.\r\nThe new locomotive will share some components with the existing Euro4000 design, including bogies, but will feature a new bodyshell design. Stadler expects the new dual mode locomotive, which will be offered both four and six-axle variants, to replace the Euro 4000 design in the future.\r\nMr Neil Bennett, managing director of Beacon Rail Leasing said that Beacon sees dual mode locomotives as a key prospect for growth both in Britain and mainland Europe.