Corelink Rail Infrastructure, a joint venture between Infracapital and Deutsche Asset Management, is financing the two deals.
Bombardier will supply and maintain 333 Aventra EMU cars (pictured below) under a £542m contract comprising 36 145km/h three-car trains for suburban services in Birmingham and 45 177km/h five-car trains for outer suburban and long- distance services on the West Coast Main Line (WCML).
CAF will produce 80 DMU cars consisting of 12 two-car trains and 14 four-car trains for operation on non-electrified lines radiating from Birmingham.
The new trains will provide space for an extra 85,000 passengers on peak-hour services into Birmingham and London, and are part of the planned £1bn investment in the new franchise. All the trains will have air-conditioning, Wi-Fi and in-seat power sockets.
The new West Midlands rail franchise runs from December10 2017 until 2025-26. Abellio has a 70.1% stake in West Midlands Trains while JR East and Mitsui split ownership of the remaining 29.9% 50:50.
The franchise will operate under two separate brands. West Midlands Railway (WMR) will operate commuter services in the Birmingham area and London Northwestern Railway (LNR) will run commuter and long-distance services on the WCML between London Euston, Northampton, Birmingham and Liverpool.
The remainder of the investment in the new franchise includes £70m towards new and existing depots, £60m for station improvements, and £18m for staff training.