Athens just the ticket for LG CNS

A Korea-Greece consortium led by LG CNS has been awarded a US$191.9 million project to build an e-ticket system for mass transit in Athens, the Seoul-based IT solution company, LG CNS, says. Under the project, overseen by the Athens Urban Public Transport Organisation (OASA), LG and its partner, Terna Energy of Greece, will install and operate the automatic fare collection system for the bus, trolley and subway system. The smart ticket project will replace conventional paper tickets, the company said.
March 24, 2014 Read time: 2 mins
A Korea-Greece consortium led by 6203 LG CNS has been awarded a US$191.9 million project to build an e-ticket system for mass transit in Athens, the Seoul-based IT solution company, LG CNS, says.

Under the project, overseen by the Athens Urban Public Transport Organisation (OASA), LG and its partner, Terna Energy of Greece, will install and operate the automatic fare collection system for the bus, trolley and subway system.  The smart ticket project will replace conventional paper tickets, the company said.

The transition will take twelve years, and during the first two the consortium will set up e-transportation card panels on buses and at subway stations.  Over the following ten years, the consortium will implement the operation of the infrastructure for the traffic card and fare adjustment system.

LG CNS said it is also bidding to upgrade the smart public transportation fare system in London, worth US$1.5 billion), which it said is likely to be awarded late this year.

For more information on companies in this article

Related Content

  • MasterCard and Masabi integrate mobile ticketing
    January 15, 2015
    A global partnership between MasterCard and mobile ticketing provider Masabi is set to combine MasterCard’s payment technology with Masabi’s JustRide mobile ticketing platform, providing consumers with a faster and more convenient way to get around a city’s transit system. Masabi will integrate MasterPass, MasterCard’s secure digital payment service, into JustRide, enabling consumers to pay for their ticket with a simple touch. The first city to benefit from this alliance will be Athens, where passe
    Read More
  • Close shave for Brazilian project
    June 12, 2015
    Signing the order to equip a new control room just 45 days before the city hosts a major sporting event is challenging - but some deadlines just cannot be moved. There is nothing like a deadline to concentrate minds and effort as Mitsubishi and the Brazilian city of Belo Horizonte discovered in the run-up to the 2014 World Cup. Although municipal authorities had been considering a new command centre for years, it was the hosting of the World Cup last summer that provided the final impetus.
    Read More
  • Traffic management market ‘worth US$16.89 billion by 2019’
    July 14, 2014
    A recent study by MarketdsandMarkets, Traffic Management Market by Solutions, Displays & Systems (Full Pedestrian, Parking Space and Toll Management, Above Ground Pedestrian and Vehicle Detection) - Global Advancements, Projects, Worldwide Forecast & Analysis (2014 - 2019) analysed and studied the major market drivers, restraints, and opportunities in North America, Western Europe, CIS and Eastern Europe, Middle East and Africa, Asia-Pacific and Latin America. The study reports that the traffic manageme
    Read More
  • Cubic unlocks ‘the key’ to Southern Railway
    September 26, 2014
    The UK’s Southern Railway has extended the use of its ‘the key’ smartcard across the entire Oyster network in London. Passengers on the Southern rail franchise can now use the single smart card from most stations to travel by rail, bus and Tube across the capital. Supplied by Cubic Transportation Systems, ‘the key’ was first trialled in November 2011 on Southern’s Brighton to Seaford line. It was subsequently rolled out across most of their network for journeys outside the Oyster network and those termin
    Read More

Highlighted Content