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.

For more information on companies in this article

Related Content

  • Init wins e-fare system in Oregon
    April 2, 2014
    In a project valued at more than US$14 million, integrated ITS and ticketing systems supplier Init is to implement a new e-fare/smart card payment system for the Tri-County Metropolitan Transportation District of Oregon (TriMet) in the US. TriMet provides bus, light rail, and commuter rail service in the Portland metro area; the new system will enable passengers to utilise contactless bank cards and mobile phones, offering more convenience and pricing equity. The contract comprises the delivery of a
    Read More
  • London buses to trial speed safety technology
    June 26, 2015
    New technology that is designed to reduce speeds and increase vehicle safety will be trialled on London’s buses next month, as part of the Mayor and Transport for London’s (TfL) continuing work to halve the number of people killed or seriously injured on London’s roads. The Mayor and TfL announced today that intelligent speed adaptation (ISA), an innovative technology that ensures vehicles can’t exceed speed limits, will be trialled on 47 London buses in a UK-first. The new technology, which was outli
    Read More
  • Maintaining momentum: learning lessons from the London Olympics
    November 15, 2013
    Japan will not only host this year’s ITS World Congress but has been selected for the 2020 Olympics. So what can Japan, and indeed Brazil, learn from the traffic management for London 2012 - Geoff Hadwick finds out. It was a key moment when Olympic boss Jacques Rogge signed off London 2012, calling the Games “happy and glorious.” Scarred by the logistical disaster of Atlanta 1996 and the last-minute building panic for Athens 2008, Rogge clearly thought London 2012 was an object lesson in how to plan and
    Read More
  • Cubic wins $211m deal for Septa's next-gen payment system
    January 27, 2025
    Septa Key 2.0 is expected to be complete in 2029
    Read More

Highlighted Content