Article Highlights

Key Takeaway:

New Zealand’s Ministry of Transport today announced the country’s planned nationwide rollout of open-loop payments, a system costing an estimated NZ$1.3 billion (US$746.7 million) over 15 years. Officials signed a contract today with U.S.-based Cubic Transportation Systems to implement the project. The system would be one of the first national rollouts of open loop and appears likely to replace regional closed-loop card programs.

Key Data:

The new fare-payments system will cost an estimated NZ$1.3 billion (US$746.7 million) over 15 years.

Organizations Mentioned:

Cubic
Thales
Snapper Services
• NZ Ministry of Transport
• NZ Transport Agency

New Zealand’s Ministry of Transport today announced the country’s planned nationwide rollout of open-loop payments, a system costing an estimated NZ$1.3 billion (US$746.7 million) over 15 years. Officials signed a contract today with U.S.-based Cubic Transportation Systems to implement the project.

Subscription Required

This premium content is only available to subscribers

Article has about856words.

To keep reading, subscribe today

Get access to premium content from the only global publication devoted exclusively to mobility payments by subscribing today to the most authoritative source for news and analysis in the industry.

Already a member? Log in here