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Cubic Secures $185M London Public Transport Agency Support Extension

Cubic Secures $185M London Public Transport Agency Support Extension - top government contractors - best government contracting event

Cubic Secures $185M London Public Transport Agency Support Extension - top government contractors - best government contracting eventCubic‘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.

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Written by Nichols Martin

a staff writer at Executive Mosaic, produces articles on the federal government's technology and business interests. The coverage of these articles include government contracting, cybersecurity, information technology, health care and national security.

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