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[quote]QUOTE: Originally posted by Murphy Siding Glad to hear that some of the TOC's can operate without subsidy. Again,that seems to mirror our rail system somewhat: long hauls into major markets are more profitable. Back to the TOC's: at the end of a contract, does the TOC then re-nogotiate a contract with NR? or are they then required to bid against other TOC's who might want in on the action? If the contract is not renewed,does the TOC just fold up the tent and go home? Thanks [/quote] At the end of the franchise periode the TOCs must rebid for there contract along with any other potential TOCs. As a recent exanple the Thameslike franchise holder lost out in there bid to renew there contract pretty early in the bidding process. When a TOC losses its contract the employent of most of the employes as well as the leases on the rolling stock get transfered to the new TOC. So yes they are required to rebid and if they don't get renewed they do fold up the tent and go home.
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