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QW Rail Leasing
QW Rail Leasing is a rolling stock company (ROSCO) formed in 2008 to fund the purchase of rolling stock in the United Kingdom, which would then be leased to train operating companies (TOCs). The company was formed as a joint venture between the National Australia Bank and SMBC Leasing and Finance, with its first major leasing deal coming with Transport for London to fund the £300 million purchase of 57 Class 378 "Capitalstar" electric multiple units for London Overground London Overground (also known simply as the Overground) is a suburban rail network serving London and its environs. Established in 2007 to take over Silverlink Metro routes, (via archive.org). it now serves a large part of Greater London as w .... Trains owned *57 Class 378 "Capitalstar" References External linksCompanies House recordsTfL news report
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Rolling Stock Company
A rolling stock company (ROSCO) or rolling stock leasing company owns and maintains railway engines and carriages which are leased to train operating companies who operate the trains. Africa * Sheltam Grindrod * Swifambo Rail Leasing Australia * Rail First Asset Management Europe * Alpha Trains * Macquarie European Rail United States * Chicago Freight Car Leasing Company (CFCL) United Kingdom *Angel Trains * Beacon Rail * Europhoenix *Eversholt Rail Group *Porterbrook Porterbrook is a British rolling stock company (ROSCO), created as part of the privatisation of British Rail. Together with Angel Trains and Eversholt Rail Group, it is one of the three original ROSCOs. Porterbrook was established in March 19 ... * Rock Rail References Rolling stock leasing companies {{UK-rail-transport-stub ...
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Rolling Stock
The term rolling stock in the rail transport industry refers to railway vehicles, including both powered and unpowered vehicles: for example, locomotives, freight and passenger cars (or coaches), and non-revenue cars. Passenger vehicles can be un-powered, or self-propelled, single or multiple units. A connected series of railway vehicles is a train (this term applied to a locomotive is a common misnomer). In North America, Australia and other countries, the term consist ( ) is used to refer to the rolling stock in a train. In the United States, the term ''rolling stock'' has been expanded from the older broadly defined "trains" to include wheeled vehicles used by businesses on roadways. The word ''stock'' in the term is used in a sense of inventory. Rolling stock is considered to be a liquid asset, or close to it, since the value of the vehicle can be readily estimated and then shipped to the buyer without much cost or delay. The term contrasts with fixed stock ( infras ...
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many List of islands of the United Kingdom, smaller islands within the British Isles. Northern Ireland shares Republic of Ireland–United Kingdom border, a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between ...
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Train Operating Company
A train operating company (TOC) is a business operating passenger trains on the railway system of Great Britain under the collective National Rail brand. TOCs have existed since the privatisation of the network under the Railways Act 1993. There are two types of TOC: most hold franchises let by the Department for Transport through a tendering system, to operate services on certain routes for a specified duration, while a small number of open-access operators hold licences to provide supplementary services on chosen routes. These operators can run services for the duration of the licence validity. The franchised operators have changed considerably since privatisation: previous franchises have been divided, merged, re-let to new operators, or renamed. Some operators have been taken over by a government-owned operator of last resort, due either to failing expectations or to events on the rail system as a whole. The term is also sometimes used to describe companies operating pa ...
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National Australia Bank
National Australia Bank (abbreviated NAB, branded nab) is one of the four largest financial institutions in Australia (colloquially referred to as "The Big Four") in terms of market capitalisation, earnings and customers. NAB was ranked 21st-largest bank in the world measured by market capitalisation and 52nd- largest bank in the world as measured by total assets in 2019. , NAB operated 3,500 Bank@Post locations—including 7,000+ ATMs across Australia, New Zealand, and Asia—and served 9 million customers. NAB has an "AA-" long-term issuer rating by Standard & Poor's. History Early history National Australia Bank was formed as National Commercial Banking Corporation of Australia Limited in 1982 by the merger of National Bank of Australasia and the Commercial Banking Company of Sydney. The resulting company was subsequently renamed National Australia Bank Limited. The expanded financial base of the merged entity triggered significant offshore expansion over ensuing years ...
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Sumitomo Mitsui Banking Corporation
is a Japanese multinational banking and financial services institution headquartered in Yurakucho, Chiyoda, Tokyo, Japan. The group operates in retail, corporate, and investment banking segment worldwide. It provides financial products and services to a wide range of clients, including individuals, small and medium-sized enterprises, large corporations, financial institutions and public sector entities. Since 2011, it has been included into the Financial Stability Board's list of global systemically important banks. SMBC group operates in over 40 countries and maintains a presence in all International Financial Centres as the 12th biggest bank in the world by total assets. It is one of the largest global financial institutions in project finance space by total loan value. As of May 2020, SMBC group is listed as 80th largest public company in the world according to Forbes ranking. It is the second largest banking institution by total assets and market capitalization in ...
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British Rail Class 378
The British Rail Class 378 ''Capitalstar'' is an electric multiple unit passenger train specifically designed for the London Overground network. It is part of Bombardier Transportation's Electrostar family. A total of 57 five-car trains have been built - most of which were originally built as three- or four-car units. The Class 378s were ordered in August 2006 in response to passenger dissatisfaction with existing mass-transit trains operated by Silverlink, such as the ageing fleet of Class 313. The procurement of a modern replacement was viewed as yielding better performance than the refurbishment of the existing units. Accordingly, a total of 57 Class 378s were manufactured at Bombardier's Derby site, the first example of which entered revenue service during July 2009. The type's introduction was roughly half a year later than originally planned, largely as a result of difficulties with multiple suppliers. In design terms the train is broadly similar to the Class 376 tra ...
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London Overground
London Overground (also known simply as the Overground) is a suburban rail network serving London and its environs. Established in 2007 to take over Silverlink Metro routes, (via archive.org). it now serves a large part of Greater London as well as the home county of Hertfordshire, with 113 stations on nine different routes. The Overground forms part of the United Kingdom's National Rail network but it is under the concession control and branding of Transport for London. Operation has been contracted to Arriva Rail London since 2016. TfL assigned orange as a mode-specific colour for the Overground in branding and publicity including the roundel, on the Tube map, trains and stations. History Pre-1999 Rail services in Great Britain are mostly run under franchises operated by private train operating companies, marketed together as National Rail. The concept of developing a network of orbital services around London goes back to the independently produced Ringrail propos ...
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