VRE: Purchasing 11 new cab cars, 4/6/05 "Let's Talk" transcript Options

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Transcript from 4/6/05 "Let's Talk:"

VRE Management:
Welcome back! Today, we are going to talk about equipment and service. I will center my attention on those questions, although I may answer some others. Since we all experienced with this let's start!

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John from Manassas, VA asks:
Is there any (good) news that you can share regarding the bids for new rail cars?

VRE Management:
VRE is purchasing 11 new cab cars to replace the Mafersa cab cars. This procurement was completed earlier this year and a “notice of intent to award” was given last week. Providing there are no problems, VRE expects to recommend the award to our Board on April 15th for 11 “gallery” style cab cars with and option for 50 more. These cars will be similar in style to the current Gallery cars, but will be new with better creature comforts. The option needs to be exercised by April of 2006. VRE has received some money from the State of Virginia for the option and is hoping that the TEA legislation will give us more.

Full transcript here.