Cubic awarded London ticketing contract

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
July 30, 2014 Read time: 2 mins

1466 Transport for London (TfL) has confirmed the award of its Electra ticketing and fare collection contract, starting in August 2015, to 378 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 has seen the introduction and network-wide roll out of the iconic Oyster card. Recently, contactless payments have also increased choice and convenience for the millions of travellers who use the London network every day.

Electra includes an initial stage plus extension options up to a total ten-year term. Central to the requirement is the use of technology to reduce costs and improve service to help cope with the increased demand from London’s burgeoning population.

Roger Crow, senior vice president and managing director, EMEA at Cubic Transportation Systems, says, “We are delighted that our bid to continue our work in London has been successful. Each member of our team, both here in the UK and around the world has contributed to our work with TfL and I am extraordinarily proud of what we have achieved.”

“London is unique among the cities Cubic serves and our entire team is committed to providing the best service and most appropriate innovation to support TfL in its mission to deliver a pioneering, world-class service for its citizens,” says Steve Shewmaker, president of Cubic Transportation Systems.

Related Content

  • London’s cycle superhighways get the go ahead
    February 5, 2015
    London’s streets will become more accessible for cyclists now that the Transport for London (TfL) Board has approved plans for the construction of four new cycle superhighways and upgrades to the four existing cycle superhighway routes as part of the Mayor’s Cycling Vision. The schemes, which will cost around US$243 million to deliver between now and the end of 2016, will help treble the number of cycle journeys made over the next ten years and transform London’s streets and spaces to places where cyclis
    Read More
  • User-based insurance joins the battle for big data
    November 10, 2015
    User-based insurance is blazing a trail others would like to follow and is also discovering the challenges. The ITS sector needs to keep a very careful eye on the automotive industry: “There’s a war going on in the connected car space creating richer datasets than we ever imagined possible” says Paul Stacy, research and development director of Wunelli, part of the LexisNexis group. The car makers have gone way beyond infotainment, unlocking huge amounts of data in the process … facts and figures which the i
    Read More
  • Cash injection to deliver smart card technology to UK rail passengers
    September 2, 2013
    The UK government is investing US$4.4 million into a trial of paperless ticketing as it starts its multi-million pound push to deliver smart card technology to rail passengers across the south east, Transport Minister Norman Baker has announced. Train operator c2c, which operates between London and the Essex coast, will upgrade ticketing systems at all of its stations outside London, paving the way for passengers to start using smart cards in the region. This will be rolled out on services outside London fr
    Read More
  • Cubic adds NFC capability to smartphones
    November 4, 2014
    Cubic Transportation Systems is to integrate On Track Innovations’ (oti) Wave near field communication (NFC) device into its NextWave mobile mass transit platform, adding NFC capability to virtually any smartphone or tablet through the audio jack. Launched in September 2013, Cubic’s NextWave platform simplifies the complexities of deploying mobile services by providing a cloud-based solution that integrates closed- and open-loop contactless fare systems, payment processors, mobile networks, NFC platforms
    Read More

Highlighted Content