Re: US capital for National Express

["James C." <james_ccj@my-deja.com>]

In article <pJGU4.790$oT.482866@news0.optus.net.au>,
  dbromage@fang.omni.com.au (David Bromage) wrote:
>    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.
I remembered Freight Australia was looking for a finacial patner within
Australia earlier last year but they can't manage to find one because
most of the financial companies reckons FA won't be around for a long
time and would most likely bankruppted soon. The CEO of FA expressed
disappontments how narrow mind most local finacial companies are........


While one the same subject, anyone have information on the new rolling
stocks from Hillside trains and Yarra trams?? they haven't had any words
so far.


--
Cheers

James


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