drum118
Superstar
The price I used is BBD price.If 60 cars in the open market is a $350MM cost...how does that compare to the option price in the contract with BBD? The answer to whether the option is exercised may be given in the spread between the option price and the market price.
Going to the market could see that price go up or down, depending when it happen and numbers.
I understand TTC going to the market for the additional cars is on the table at this time and could happen this year depending on delivery.
As it was pointed out to me, a contract is a contract with all cars being here by 2019 and its not TTC problem. TTC doesn't care about BBD problems and they want the cars as requested by the due date that has been push back a year all ready.
If Minneapolis got 10% free cars for their fleet due to BBD problems, TTC would be looking for about the same to cover all their cost and delays. Anything less than 5% will be a rip off for TTC.