Hon. Tom Stephens asks about Westrail's cross-border leasing arrangements for rolling stock. Hon. M.J. Criddle provides details on lease dates and terms, but defers on the value due to ongoing sale process.

AnsweredQoN 536Legislative Council
Asked
23 November 2000
Portfolio
Transport

QuestionView source ↗

(1) When was the Westrail freight rolling stock first placed under cross-border leasing arrangements? (2) What is the value of the rolling stock under such leases? (3) What is the annual cost of the leases? (4) What is the length of the leases? Hon M.J. CRIDDLE

AnswerView source ↗

I thank the member for some notice of this question. (1) In 1990 and 1992 Westrail entered into a cross-border lease for the supply of urban railcars. In December 1998 Westrail entered into another cross-border lease for freight rolling stock and urban railcars. (2) The value of the rolling stock under the cross-border lease is part of the sale process, and I am happy to advise the member of this once the sale is finalised. (3) None. The lease is fully defeased. (4) The expiry date of the basic lease term varies from January 2011 to January 2018.
(2) What is the value of the rolling stock under such leases? (3) What is the annual cost of the leases? (4) What is the length of the leases? Hon M.J. CRIDDLE replied: I thank the member for some notice of this question. (1) In 1990 and 1992 Westrail entered into a cross-border lease for the supply of urban railcars. In December 1998 Westrail entered into another cross-border lease for freight rolling stock and urban railcars. (2) The value of the rolling stock under the cross-border lease is part of the sale process, and I am happy to advise the member of this once the sale is finalised. (3) None. The lease is fully defeased. (4) The expiry date of the basic lease term varies from January 2011 to January 2018.
(3) What is the annual cost of the leases? (4) What is the length of the leases? Hon M.J. CRIDDLE replied: I thank the member for some notice of this question. (1) In 1990 and 1992 Westrail entered into a cross-border lease for the supply of urban railcars. In December 1998 Westrail entered into another cross-border lease for freight rolling stock and urban railcars. (2) The value of the rolling stock under the cross-border lease is part of the sale process, and I am happy to advise the member of this once the sale is finalised. (3) None. The lease is fully defeased. (4) The expiry date of the basic lease term varies from January 2011 to January 2018.
(4) What is the length of the leases? Hon M.J. CRIDDLE replied: I thank the member for some notice of this question. (1) In 1990 and 1992 Westrail entered into a cross-border lease for the supply of urban railcars. In December 1998 Westrail entered into another cross-border lease for freight rolling stock and urban railcars. (2) The value of the rolling stock under the cross-border lease is part of the sale process, and I am happy to advise the member of this once the sale is finalised. (3) None. The lease is fully defeased. (4) The expiry date of the basic lease term varies from January 2011 to January 2018.
Hon M.J. CRIDDLE replied: I thank the member for some notice of this question. (1) In 1990 and 1992 Westrail entered into a cross-border lease for the supply of urban railcars. In December 1998 Westrail entered into another cross-border lease for freight rolling stock and urban railcars. (2) The value of the rolling stock under the cross-border lease is part of the sale process, and I am happy to advise the member of this once the sale is finalised. (3) None. The lease is fully defeased. (4) The expiry date of the basic lease term varies from January 2011 to January 2018.
I thank the member for some notice of this question. (1) In 1990 and 1992 Westrail entered into a cross-border lease for the supply of urban railcars. In December 1998 Westrail entered into another cross-border lease for freight rolling stock and urban railcars. (2) The value of the rolling stock under the cross-border lease is part of the sale process, and I am happy to advise the member of this once the sale is finalised. (3) None. The lease is fully defeased. (4) The expiry date of the basic lease term varies from January 2011 to January 2018.
(1) In 1990 and 1992 Westrail entered into a cross-border lease for the supply of urban railcars. In December 1998 Westrail entered into another cross-border lease for freight rolling stock and urban railcars. (2) The value of the rolling stock under the cross-border lease is part of the sale process, and I am happy to advise the member of this once the sale is finalised. (3) None. The lease is fully defeased. (4) The expiry date of the basic lease term varies from January 2011 to January 2018.
(2) The value of the rolling stock under the cross-border lease is part of the sale process, and I am happy to advise the member of this once the sale is finalised. (3) None. The lease is fully defeased. (4) The expiry date of the basic lease term varies from January 2011 to January 2018.
(3) None. The lease is fully defeased. (4) The expiry date of the basic lease term varies from January 2011 to January 2018.
(4) The expiry date of the basic lease term varies from January 2011 to January 2018.

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