Cubic has been awarded the contract to design, build and operate the new ticketing system as part of Queensland’s $371 million investment in ticketing.
The New York listed company (NYSE: CUB) will be responsible for upgrading the current system to incorporate what it says is some of the world’s most advanced ticketing technologies including contactless payment, and next-generation real-time passenger information.
Operation and maintenance of the ticketing system are also included in the agreement.
Queensland’s Minister for Transport and Main Roads, Mark Bailey, said this was an exciting partnership that would provide Queenslanders with one of the most advanced, flexible and secure public transport payment systems in the world.
“This payment solution will bring more convenience and freedom of choice for commuters," he said.
“We’re delighted that proven technology already used across London, Chicago and Vancouver will be further enhanced for the benefit of Queensland commuters.”
Tom Walker, senior vice-president and managing director of CTS Asia-Pacific, said the advanced ticketing and payment technology that is at the core of the new system would lift Queensland into the leading ranks of global cities.
He said only a very small handful of cities so far had transitioned to the new technology.
“Cubic is delighted to have been selected for this landmark project,” Walker said.
“This cements the very strong partnership between Cubic and TransLink that has been established since we were originally awarded the go card contract in 2003.”
Brad Feldmann, chairman, president and chief executive officer of Cubic Corporation, said the Queensland contract award was a testament to Cubic’s commitment in “revolutionising fare payment systems”.
“We look forward to leveraging our world-class technologies to deliver a system that will improve travellers’ daily commutes."
“This next-generation ticketing system to be installed by Cubic will provide Queenslandbcommuters with more options and greater payment flexibility in how to pay their fares,” said Matt Cole, president of Cubic Transportation Systems. “Riders want speed, convenience and a more efficient travel experience. The NGTS will deliver just that.”
Cubic says the company’s expertise in advanced ticketing and payment technologies has been demonstrated in recent months with new contract wins for the installation of new systems in New York and Boston.