Greentrains

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Greentrains
IndustryRail transport
FoundedJune 2008
Headquarters
Perth
,
Australia
ServicesRolling stock leasing
$6.8m (June 2015)
$4.3m (June 2015)
ParentEngenco (ASX: EGN) 81%
Websitewww.engenco.com.au
Greentrains 80 class at Somerton in January 2009

Greentrains is a locomotive and rolling stock leasing company in Australia. It was formed in June 2008 as a subsidiary of Coote Industrial.[1]

In 2008, Coote Industrial subsidiary Gemco Rail acquired 42 locomotives and 54 wagons from the distressed Allco Finance Group that were being leased by Coote subsidiaries South Spur Rail Services and Southern & Silverton Rail.[2][3] After refurbishment it was planned to sell them to Greentrains who in turn would lease them back South Spur and Southern & Silverton.[4]

However, Greentrains ran into trouble raising funds to complete the deal and by June 2010, Coote Industrial had converted its debt to equity giving it an 81% shareholding.[5][6]

As of January 2013, Greentrains owned 38 locomotives and 39 wagons.[3] In April 2016, the majority of the locomotives were sold to Southern Shorthaul Railroad.[7][8]

Fleet[]

Locomotive Status
48s37 Stored
8026 Stored
T383 In Service, Gemco Rail South Dynon Pilot

References[]

  1. ^ Greentrains Limited Australian Securities & Investments Commission
  2. ^ Annual Report 30 June 2009 Coote Industrial
  3. ^ a b Independent Directors unanimous recommendation in relation to Elph Pty Ltd's unconditional off-market takeover offer Archived 11 April 2013 at the Wayback Machine Engenco 16 January 2013
  4. ^ Annual Report 30 June 2008 Archived 18 July 2009 at the Wayback Machine Coote Industrial
  5. ^ Greentrains Funding Activities and Future Direction Archived 12 April 2013 at the Wayback Machine Greentrains 2 September 2009
  6. ^ Annual Report 30 June 2010 Archived 12 April 2013 at the Wayback Machine Coote Industrial
  7. ^ Disposal of Greentrains rollingstock Engenco 28 April 2016
  8. ^ "Greentrans rollingstock sold to Holdco Holdings" Railway Digest June 2016 page 6
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