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QW Rail Leasing is a Rolling Stock Company (ROSCO) formed in 2008 to fund the purchase of rolling stock for operation on the rail network in Britain, which would then be leased to TOCs. The company was formed as a joint venture between the National Australia Bank and SMBC Leasing and Finance, with its first major leasing deal coming with Transport for London to fund the £300 million purchase of 54 Class 378 electric multiple units for London Overground.
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