Cubic takes over as London’s principal provider of ticketing services

Cubic Transportation Systems Limited, a member of the Cubic Corporation family of companies, today has assumed responsibility for all transport ticketing for Transport for London (TfL), continuing Cubic’s excellent track record in delivering London’s transport ticketing requirements.

Under the terms of the Future Ticketing Agreement (FTA), and following a two year process of transition, Cubic will be the prime contractor for the provision of revenue services, ticketing, information, gates and electronics for transport ticketing and fare collection within the TfL system, which includes the London Underground, Overground, buses and river bus services.

Shashi Verma, Director of Fares and Ticketing at TfL, said: “We are pleased that these new arrangements are now fully in place with Cubic for the delivery of Oyster and other ticketing services until 2013. The new contract removes the complex PFI structure, which is no longer necessary, and creates a more streamlined structure which will bring increased value and service improvements benefiting travellers in London.”

Steve Shewmaker, President of Cubic Transportation Systems worldwide, said: “Oyster has revolutionised travel in London and has become one of the world’s leading smartcard tickets. The new contract will deliver increased value and service improvements for London public transport users which are critical at times such as these, when public sector spending is under review. The breadth of services that Cubic will now be providing in London mirrors those we provide to other clients globally. We are looking forward to working with TfL to deliver a world-class electronic ticketing system in the lead-up to and beyond the London 2012 Olympic Games.

“As well as the ongoing management of Oyster, we are excited about the introduction of new technologies, which will give public transport users even more choice for their ticketing requirements and make using public transport in the capital even more convenient.”

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