Nichols Martin
Cubic‘s transportation systems business has received a three-year, $185 million contract from London’s public transport agency to continue support services for the Oyster fare payment and contactless ticketing system.
Transport for London extended the work of Cubic Transportation Systems as the agency’s revenue collection service provider through 2025 under the agreement, the company said Thursday.
CTS will also help TfL expand the city’s Hopper Fare program that aims to offer unlimited bus and tram trips within an hour, introduce a weekly cap on Oyster passenger cards to align with the contactless ticketing process and extend the pay-as-you-go system to the Elizabeth railway line.
Additionally, the New York Metropolitan Transportation Authority awarded CTS a potential $554 million contract to update a system the agency uses to electronically collect public transport fares from New York City commuters.
