Crossrail

345 Rail Leasing Limited is the owner of the fleet of trains (class 345) to be operated on the Crossrail route (the Elizabeth Line) when it opens. In the interim, the trains are being operated on services between London Paddington and Reading and between London Liverpool Street and Shenfield, under the banner of TfL Rail.

The trains are being manufactured by Bombardier, which is also contracted to maintain the fleet. When completed, the fleet will comprise 70 nine-car trains. The fleet is leased to Rail for London Limited, a wholly owned subsidiary of Transport for London (TfL), which in turn subleases to the operator (MTR Crossrail). The trains are maintained at a depot at Old Oak Common.

Equitix holds a 50% shareholding in this project.