Article Highlights

Key Takeaway:

Transport for London has launched its much-anticipated call for tenders to find the next vendor to run its fare-collection system–with the so-called “Project Proteus” expected to be one of the most expensive and complex fare-system contracts in play globally. The new contract will be worth up to £1.5 billion.

Key Data:

The contract will be worth up to of £1.5 billion (US$1.8 billion) over 12 years, including expected extensions.

Organizations Mentioned:

Transport for London
Cubic

Transport for London yesterday launched its much-anticipated call for tenders to find the next vendor to run its high-profile fare-collection system–with the so-called “Project Proteus” expected to be one of the most expensive and complex fare-system contracts now in play globally.

Subscription Required

This premium content is only available to subscribers

Article has about1155words.

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