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train leasing companies (ROSCos)
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Train leasing companies own most railway rolling stock in Britain and many other countries.
They are also known as Rolling Stock Companies, or ROSCos. The capital cost of new trains is normally paid by a ROSCo.
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The capital cost of new trains is normally paid by a ROSCo.
These companies then lease the rolling stock to an operator. In the case of a franchised operator, the leases usually run for the duration of the franchise, and are then included in the specification for the following contract or contracts.
Operators are responsible for maintance during the lease. More comprehensive upgrades and rebuilds may be carried out if the ROSCo agrees.
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