"Although the parties made public statements in defense of their respective positions during the dispute, they are now committed to moving forward and wish each other success," said Jessie Damazyn, public information officer for the mayor's office.

According to Damazyn, the settlement allows both parties to move forward without any additional cost.

After dissolving its relationship with BYD, the city ordered “clean diesel” buses from New Flyer.

The ART project is expected to be fully operational in 2020.