Sydney will have to wait another two years for a smart card transit system that is already 13-years late and quadruple the expected cost, according to itwire.com.
Pearl Consortium, which includes Commonwealth Bank and Cubic Transportation Systems Australia, just scored a $1.2 billion contract with the NSW Government to amend the maligned Tcard system.
The $1.2 billion contract dwarfs the $345 million contract signed by former helmsmen ERG, whose “appalling” mishandling of the project pushed NSW Government to sue for damages in 2008.
The new system, set to launch in 2012, will allow commuters to tap on and tap off from different modes of transport, including trains, government and private buses, and government ferries.
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