Johnny Au
Senior Member
I concur. Flexity Freedom light rail vehicles are not exclusive to Transit City.Rename the thread!
I concur. Flexity Freedom light rail vehicles are not exclusive to Transit City.Rename the thread!
Metrolinx contracted Bombardier for 182 LRVs. 76 for Eglinton, 23 for Finch West, 35 for Sheppard East, and 48 for the SRT.Toronto's Transit City was to get 184 Bombardier Flexity Freedom light rail vehicles.
Does anyone know the numbers that ION, Peel's Hurontario, etc. might require of the same Flexity Freedom light rail vehicles?
I wonder if they've started procurement of long-lead items or building the chassis yet. I assume they'll build Waterloo's trains first, then continue with the Eglinton order. Waterloo is scheduled to take delivery of the first train just over a year from now.
Sorry, what?The far more interesting question is what company will be supplying the rolling stock. Yes, Bombardier won the contract but they're in the process of selling it
Sorry, what?
I don't recall reading anything to that effect. Could you please provide a source for that? (Even if the source is "insider info"/"baseless rumor" here on this forum)
Sorry, what?
I don't recall reading anything to that effect. Could you please provide a source for that? (Even if the source is "insider info"/"baseless rumor" here on this forum)
They're struggling for cash to finish their CS100/CS300 aircraft.
One of the solutions being looked is spinning off (IPO) their railway manufacturing.
The google search "bombardier selling rail" has numerous options.
http://business.financialpost.com/n...ith-ubs-citigroup-on-sale-or-ipo-of-rail-unit
http://www.theglobeandmail.com/repo...ons-for-rail-business-report/article23875363/
the bolded part is a long way from "in the process of selling it."
How do you figure? When you give bankers a stack of documentation to ask their clients how much they would pay for a department, that's pretty far down the process of selling it off.
In fact, the documentation for getting a decent valuation is probably the biggest step in an IPO. The actual IPO itself is a couple hours negotiations, signing the contract, then getting majority shareholders to approve of it (trivial in this case).
Of course, being "in the process of" doesn't mean it'll actually happen.
I know companies that engage I-bankers many years before they actually go public......and some who engage I-bankers and never go public .....some do it as a fact finding mission "if we did 'this' how much would it get us"? sort of exercise.
Yep. Bombardier has enough cash for at least 18 months. Our tram contract is something like 30 years long (parts component).
I keep nagging @BombardierRail on Twitter to tell us what's going on or if the design has even been finalized. Very eager to see the trains come together. I know it sounds ridiculous, but I'm anxious to know if door chimes (both open and closed) can be selected by the customer. I've always loved the Bombardier Mk VI monorail door-open chimes and hoped there would be some kind of local competition here where I could suggest that ours have the same. . I really hope it won't just be a loud beep or buzzer.
[video=youtube;1k8iWnXAikE]http://www.youtube.com/watch?v=1k8iWnXAikE[/video]
(I fully appreciate that in all likelihood, it'll be the same as whatever the Crosstown gets... Which will likely be exactly what the new Streetcars have - beep on open, 3-time descending chime on close.)