Tokyo Metro and Sumitomo Corporation to be part of
consortium to operate UK's Elizabeth line
Tokyo Metro Co., Ltd. (head office: Taito-ku, Tokyo; President and CEO: Akiyoshi Yamamura; hereinafter "Tokyo Metro") and Sumitomo Corporation (head office: Chiyoda-ku, Tokyo; Representative Director, President and CEO: Shingo Ueno; hereinafter "Sumitomo Corporation"; hereinafter collectively referred to as "the two companies") have been awarded the right by Transport for London (Note 1) to operate the Elizabeth line in London through GTS Rail Operations Limited (hereinafter "GTS"; investment ratios: Go-Ahead 65%, Tokyo Metro 17.5%, Sumitomo Corporation 17.5%), a project company established together with The Go-Ahead Group Limited (registered office: Newcastle, UK; hereinafter "Go-Ahead"), the operator of the UK's largest railway network. Following the transfer from the current operator, the two companies will participate in the operation of the railway from May 2025. The contract period is up to 9.5 years (7 years plus an optional extension period of up to approximately 2.5 years).