CROSS LONDON TRAINS STAKE SOLD
A CONSORTIUM of Dalmore Capital and Equitix Investment Management has acquired 3i Infrastructure’s 33.33% stake in Cross London Trains.
The lessor was established in 2011 to finance, own and maintain the 115 Siemens Class 700 trains for the Thameslink route. Revenue is based on a lease structure, with a Section 54 undertaking from the Department for Transport for the first 20 years, with full ownership of the trains being retained at the end of this initial period. The companies say the acquisition complements recent strategic acquisitions made by Dalmore and Equitix in the UK rail sector.
Other shareholders in the Cross London Trains consortium are Siemens Project Ventures GmbH and Innisfree Ltd, with Eversholt Rail providing project and asset management services.
Jewers Doors for Qatar
JEWERS DOORS’ local reseller Rumaillah Warehouse Equipment WLL has recently completed the installation of 30 sets of Swift-SEW automatic bi-folding doors for the new Lusail Light Rail Transit (LRT) depot complex in Qatar.
Lusail LRT is currently under construction as part of an urban development project north of Doha and is expected to open in 2020. Working closely alongside Rumaillah, Jewe…
