Arrow Light Rail Ltd is a special purpose company formed to design, build, fund, operate and maintain Line One of Nottingham Express Transit (NET). 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 a private finance initiative (PFI) concession to Arrow for a period of 30.5 years - the largest local authority PFI deal ever completed.

Arrow let a 3.5 year fixed price turnkey contract to the Bombardier Carillion consortium for the design and construction of the tram system. Bombardier provided 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.

Nottingham Tram Consortium is an unincorporated joint venture. It is an equal partnership between:

Nottingham City Transport Limited
Lower Parliament Street
Nottingham
NG1 1GG
Registered company number: 2004967

and

Transdev Tram UK Limited
Garrick House
74 Chiswick High Road
London
W4 1SY
Registered company number: 3672941