cubic, TfL

Cubic Transportation Systems has been awarded a $700m ticketing and fare collection contract by the Transport for London (TfL) in the UK.

The seven-year contract will start in August 2015 and comes with an option to extend it by a further three years, which would take the expected contract value to more than $1bn.

This long-term partnership between TfL and Cubic will bring innovation into London’s transport over the next decade.

Cubic Transportation Systems president Steve Shewmaker said: "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."

"Our entire team is committed to providing the best service and most appropriate innovation to support TfL."

Cubic has supported TfL and its predecessor, London Transport, during events such as the London 2012 Olympic and Paralympic Games, the Queen’s Diamond Jubilee and the introduction and network-wide rollout of the Oyster card.

In a separate development, Cubic has also been awarded an $8m contract by the Washington Metropolitan Area Transit Authority (WMATA) in the US to convert existing paper magnetic fare card vending machines to sales and reload devices for the SmarTrip contactless smart card.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Under the contract, the company will upgrade more than 500 machines with hardware kits, including smart card readers and related software on all Metrorail lines such as the Silver Line to Dulles Airport, US.

The upgrade project aims to eliminate paper ticketing from WMATA’s fare system by mid-2016.


Image: Officials from TfL and Cubic during the contract confirmation. Photo: courtesy of Cubic.