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US capital for National Express
- Subject: US capital for National Express
- From: dbromage@fang.omni.com.au (David Bromage)
- Date: Thu, 18 May 2000 00:22:45 GMT
- Newsgroups: aus.rail
- Organization: Another Optus Customer
- Xref: bclass.spectrum.com.au aus.rail:9319
NATIONAL Express Group Australia has secured finance worth $A 411
million ($US 245.7 million) from GATX Capital Corporation, United
States, to purchase new vehicles for operation by its subsidiaries,
Bayside Trains and Swanston Trams.
The deal will enable Bayside Trains to introduce a fleet of 62
three-car emus into suburban service in the state of Victoria, and 59
Combino LRVs into service in Melbourne. National Express is also
negotiating a loan from GATX which will allow its V/Line suburban
passenger franchise to provide an additional 29 trains in the Melbourne
area.
International Railway Journal, May 2000.