Welcome to Arrow

Arrow Light Rail Ltd is a special purpose company formed to design, build, fund, operate and maintain Line One of Nottingham Express Transit (NET), a modern light rail tram system for Nottingham.

Arrow is owned by six partners, each bringing their own particular skill and expertise to the organisation:

The Promoters of the scheme, jointly Nottingham City Council and Nottinghamshire County Council, awarded the concession to Arrow for a period of 30.5 years, under what is the largest local authority Private Finance deal ever completed.

Arrow have let a 3.5 years fixed price turnkey contract to a consortium comprising Adtranz and Carillion Construction for the design and construction of the tram system. Adtranz are providing the trams, power, signalling and communications systems, and Carillion the civil engineering, track and tramstops.

Arrow has also let a contract to the Nottingham Tram Consortium (NTC), comprising Transdev and Nottingham City Transport, who will operate and maintain the system for 27 years.

		Bombardier (formerly ADtranz) One of the leading providers of total rail systems and tailor-made solutions for rail transport services worldwide.
		Carillion Private Finance Part of Carillion Plc, the leading services to construction company, CPF is a UK leader in Private Finance, primarily in the health, prisons and transport sectors.
		Transdev The leading operator of integrated urban transport systems in Europe and operating over 70 public transport networks in France including modern tramways
		Nottingham City Transport The leading bus operating company in the Nottingham area
		Innisfree The leading private equity investor in UK PFI and PPP infrastructure projects, and a 30% shareholder of Arrow
		Galaxy Fund A 20% shareholder of Arrow and a prominent transportation infrastructure equity fund focused on OECD countries with projects in seaports, roads, railways and airports.
(click to view parent companies web sites) Arrow’s £220 million funding of the project is met by bank loans, sponsor equity and grants. The loans will be paid back during the operating period from performance related payments from the Promoters and revenue from fares. Some 10 years in the planning, NET is a key part of Greater Nottingham’s integrated transport strategy, to improve access to the city centre and reduce traffic congestion and pollution. Line 1 is anticipated to take 2 million car journeys per year off the road, and there are further lines being planned by the councils. NET is also expected to bring economic regeneration and environmental benefits to the area. Some 11 million passengers are expected to use the tram per year.