Q-Park, one of the three leading providers of parking facilities in Europe, has won the bid to take over 14 car parks in the heart of London.
February 3, 2012
Read time: 1 min
182 q-park, one of the three leading providers of parking facilities in
Europe, has won the bid to take over 14 car parks in the heart of
London. The company, which has promised to invest over US$16 million in
an extensive refurbishment programer, has been granted the 25-year
lease by Westminster City Council against strong competition from across
Europe. The 14 car parks provide 4,200 car parking spaces and 900
motorcycle bays.
Transport for London (TfL) has confirmed the award of its Electra ticketing and fare collection contract, starting in August 2015, to Cubic Corporation’s UK subsidiary Cubic Transportation Systems following a competitive tender. The seven-year contract is valued at over US$700 million and includes an option to extend the contract for a further three years, giving the contract an expected value of over US$1 billion.
The announcement means the continuation of the partnership between TfL and Cubic which ha
Light is being shed on where the real return on investment is today – growing, tangible, revenue-generating markets like ITS. There is a great deal of investment going on within the ITS space, and a great deal of external interest in investing in ITS,” says Scott Belcher, President and CEO of ITS America, which has been connecting investors with technology firms ripe for investment. Interested parties include the leading investment banking firm Raymond James. Its managing director, Gary Downing says: “ITS i
Jon Masters investigates some of the longer term trends that will shape transportation over the next 20 years. Business analysts and investors have already placed their bets on a future of technological smart mobility services. In December last year, the Wall Street Journal reported that Uber, the on-demand taxi and lift share smartphone app and start-up business, had been valued at $41.2 billion which, as the Journal reported, is an incredible vote of confidence for a company only five years old.
According to Frost & Sullivan, by 2020 more than 200 traditional carsharing organisations (CSOs) and another 24 Peer-to-Peer (P2P) CSOs are expected to take the European market for carsharing to new heights. More than 14 million new members are expected to use carsharing services in Europe by the same year, while three new sub-segments will emerge in the market: electric vehicle carsharing, corporate carsharing and one-way carsharing. While the new segments arise in particular due to continued urbanisation
