In March 2009, CFCL Australia signed an agreement with Marubeni Corporation of Japan and Marubeni Australia Limited to participate in the CFCLA Rail Joint Venture rail leasing entity.

Under the agreement, Marubeni holds a 49% interest in the Rail Joint Venture, while CFCL Australia retains a 51% interest and continues to provide comprehensive commercial and operating services to the Rail Joint Venture under a long term agreement.

With high quality rolling stock assets attracting strong interest in new and renewal leases from major rail freight operators, the Rail Joint Venture is investigating new opportunities for investment in rolling stock along with new horizons in rail infrastructure.

Marubeni brings a wealth of international freight rail experience to the joint venture, together with its extensive experience and interests across the resources, agricultural and industrial sectors in Australia.

Marubeni Corporation is one of Japan's largest listed companies with extensive international trade, contracting, and investments in the rail and transport sectors. It is a leader in railway turnkey solutions, having managed the development of large rail infrastructure projects in Asia, South America and the Middle East.