Greentrains is a locomotive and rolling stock leasing company in Australia. It was formed in June 2008 as a subsidiary of Coote Industrial. In 2008, Coote Industrial subsidiary Gemco Rail acquired 42 locomotives and 54 wagons from the distressed

Allco Finance Group Allco Financial Group was a fully integrated global financial services business, listed on the Australian Stock Exchange and headquartered in Sydney. Major services provided were structured asset finance, funds management and debt and equity fun ...

that were being leased by Coote subsidiaries

South Spur Rail Services South Spur Rail Services was a Western Australian owned railway company that provides terminal operations and short haul rail services. In February 2006, it purchased Silverton Rail. In March 2007, it was sold to Coote Industrial, then in Ma ...

and

Southern & Silverton Rail Southern & Silverton Rail was an Australian rail operator founded in 1886 as the Silverton Tramway Company. The company operated the Silverton Tramway, conveying silver-lead-zinc concentrates from Broken Hill to the South Australian border. ...

.Independent Directors unanimous recommendation in relation to Elph Pty Ltd's unconditional off-market takeover offer
Engenco 16 January 2013 After refurbishment it was planned to sell them to Greentrains who in turn would lease them back South Spur and Southern & Silverton. However, Greentrains ran into trouble raising funds to complete the deal and by June 2010, Coote Industrial had converted its debt to equity giving it an 81% shareholding. As of January 2013, Greentrains owned 38 locomotives and 39 wagons. In April 2016, the majority of the locomotives were sold to

Southern Shorthaul Railroad Southern Shorthaul Railroad is an Australian rail freight services operator in New South Wales and Victoria. The company also provides workshop services, such as rolling stock manufacturing and wagon and locomotive maintenance. History Sout ...

."Greentrans rollingstock sold to Holdco Holdings" ''

Railway Digest ''Railway Digest'' is a monthly magazine, published in Sydney, covering contemporary railways of Australia. Overview The magazine's publisher is the Australian Railway Historical Society (ARHS), NSW Division. The first issue was published in M ...

'' June 2016 page 6

Fleet

References

{{Reflist Railway rolling stock leasing companies of Australia Transport companies established in 2008 Australian companies established in 2008