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Porterbrook (363 words) |
 | Porterbrook Leasing Company Limited ("Porterbrook"), a subsidiary of Abbey National Treasury Services plc, signed a lease with Connex Cargo Logistics GMbH on 29th November 2001 in Frankfurt, Germany for three new dual voltage Class 185 locomotives built by Bombardier Transportation GmbH at their Kassel works. |
| Connex is a major customer for Porterbrook in the UK and we have been able to demonstrate that we can add value to their international operations as well. |
| Porterbrook has been highly successful in winning new train orders since privatisation, with £1 billion in new business won - investing in over 1,000 new passenger vehicles and 1,100 new freight locomotives and wagons, and in the refurbishment of much of its in-fleet equipment. |
| House of Commons - Northern Ireland Affairs - Appendices to the Minutes of Evidence (695 words) |
| Porterbrook has experience of offering contract hire arrangements where the risk of train service provision is passed from the public to the private sector. |
| If Porterbrook caused a train to be cancelled owing to not providing a unit for a working, a rebate of charge would apply. |
| Porterbrook shall have the option of returning the old rolling stock or of "putting" (as in a put option), the new rolling stock to NIR at the pre agreed residual value price or of entering into a lease agreement with NIR. |
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