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

  • First electric buses hit London’s streets
    December 19, 2013
    Transport for London (TfL) and bus operator Go-Ahead London have begun a trial of the capital’s first electric buses on two routes in the city. The 12-metre single deck buses were built by Chinese manufacturer BYD Auto have zero tail pipe emissions, resulting in lower carbon emissions. The trial will help TfL develop plans for greater use of electric buses in central London in the future, supporting the Mayor’s vision of a central London Ultra Low Emission Zone. The trial will be used to establish wh
    Read More
  • T-Charge introduced to older vehicles in London to tackle toxic air pollution
    October 23, 2017
    To combat thousands of premature deaths caused by air pollution in London, up to 34, 000 polluting vehicles travelling into Central London every month may have to pay the T-Charge £10.00 ($13.00) which will operate on top of the Congestion Charge £11.50 ($15.00). Launched by the Mayor of London Sadiq Khan, the T -Charge applies to drivers of pre-Euro 4 vehicles that do not meet the PM and NOx emissions and has come into effect from 7.00am on 23 October 2017.
    Read More
  • Flexibility, interoperability is key to future traffic management
    February 3, 2012
    Jon Taylor of Faber Maunsell and Tabatha Bailey of Transport for London describe how an unusual mix of traffic practitioners, researchers and industry are working together to build new tools for the future. As we face higher expectations for managing congestion from both citizens and politicians, and as more and more data is becoming available from new sources, our traffic management challenge is changing.
    Read More
  • Why integrated traffic management needs a cohesive approach
    April 10, 2012
    Traffic control is increasingly being viewed as one essential element of a wider ‘system of systems’ – the smart city. Jason Barnes, Jon Masters and David Crawford report on latest ideas and efforts for making cities ‘smarter’ Virtually every element of the fabric and utilitarian operations that make urban areas tick can now be found somewhere in the mix that is the ‘smart city’ agenda. Ideas have expanded and projects pursued in different directions as the rhetoric on making cities ‘smarter’ has grown. App
    Read More

Highlighted Content