Cubic Corporation announced it has signed a contract with Australia’s Public Transport Ticketing Corporation (PTTC) to provide greater Sydney’s Electronic Ticketing System.
The contract is valued at $370 million ($398 million Australian) for the design, development, implementation and fixed maintenance components of the smart card-based system, which will be modeled after Cubic’s own Oyster Card program in London.
Principal subcontractors include engineering company Downer EDI, the Commonwealth Bank of Australia, epay Australia, and on-board bus equipment provider Parkeon.
Downer EDI, together with Parkeon, designed, installed and deployed the smart card ticketing system in Perth, and recently earned a contract to install electronic ticketing on the Australian Capital Territory’s bus fleet.
Commonwealth Bank of Australia currently provides transaction banking services and top up card capacity for the Perth and South East Queensland electronic ticketing systems, and will provide transaction banking for the new ACT electronic ticketing system to be introduced next year.
Parkeon will provide the on-bus driver console for the new Sydney system, and epay Australia will be involved in distributing and topping up the new smart card.
Cubic’s phased and incremental approach for deployment of the smart card will commence with ferries, rail and then buses.
Upon completion of the project, Cubic will operate the system for 10 years.