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Cubic Transportation Systems lost another major contract, this one in Sydney. The New South Wales government today announced contract awards to INIT over incumbent Cubic for an account-based ticketing back office and a separate “Bus Solution” deal to Trapeze Group.
Today’s release from the New South Wales government indicated that the two contracts are the major part of a total AU$820 million (US$588.8 million) in budgeted funds for Opal 2.0 improvements.
• Transport for NSW
• Cubic
• INIT
• Trapeze
• Consat Telematics
In another stinging loss for Cubic Transportation Systems, Transport for New South Wales in Sydney has awarded its account-based ticketing back-office contract to Germany-based INIT. The authority also announced it had awarded a separate “Bus Solution” contract, which includes vehicle tracking, to Canada-based Trapeze Group.
The loss of Sydney follows its even larger defeat by Cubic in recent months of its flagship revenue-collection contract with Transport for London. Spain-based Indra beat Cubic for a London deal worth as much as US$1.1 billion. Cubic has been the long-established incumbent vendor in both Sydney and London.
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