In particular, it tells a bidder how much capital its so-called Train Operating Company (TOC) would have to hold as a protection for taxpayers against the risk that in the course of operating the franchise the TOC went bust or risked going bust.

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In fact, the text used in the original print-centric TOC fit perfectly in the new look.

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The longer-range solution is for the federal government toc re-purpose unused and underused radio spectrum for mobile broadband purposes.

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