On 13 Feb, 13:40, "Paul Scott" wrote:
Are they going back to the Rosco style setup after all then, or leasing
directly from Bombardier?

The latest press release clarifies:

"QW Rail Leasing Ltd is a joint venture between two partners -
National Australia Bank and SMBC Leasing and Finance, Inc.. The
European Investment Bank has also provided financing
"QW Rail Leasing Ltd bears the risk of disposing of the depreciated
fleet after the lease is terminated. Transport for London bears the
risk of the fleet performance and maintenance only during the term of
the lease"

http://www.tfl.gov.uk/corporate/medi...ntre/7525.aspx

It also emphasises they have the option of dropping the trains in 2027
and leasing new ones, and the size of the order has grown slightly
from that previously announced.

U

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