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| Friday, February 20, 05:18:57am | [ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4, 5, [6], 7, 8, 9, 10 ] |
| Subject: Cubic Receives $33.4 Million Order From MTA New York City Transit For Additional MetroCard Vending MachinesSAN DIEGO, CALIF., JUNE 7, 1999 | |
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Author: CTS is the contractor for the original automated fare collection system installation throughout New York’s subway and bus operations. |
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Date Posted: Monday, April 28, 07:54:46am In reply to: http://www.ozestock.com.au/MessageView.aspPostID=226683&Symbol=ERG 's message, "My understanding is that NY & NJ tender process will commence later" on Monday, April 28, 07:17:14am Cubic Receives $33.4 Million Order From MTA New York City Transit For Additional MetroCard Vending Machines SAN DIEGO, CALIF., JUNE 7, 1999 – The MTA New York City Transit (NYCT) has awarded Cubic Transportation Systems (CTS), a subsidiary of San Diego-based Cubic Corporation (AMEX:CUB), an order to manufacture and deliver additional MetroCard vending machines for the city’s automated fare collection system under contract options worth an estimated $33.4 million. The order for 580 more of the automated touchscreen farecard vending machines raises the total number to be delivered to 1,589. CTS is the contractor for the original automated fare collection system installation throughout New York’s subway and bus operations. "By placing this order so soon after the introduction of the first MetroCard vending machines (MVM), the NYCT has given us a vote of confidence," said Peter Dugré, CTS senior vice president, East Coast Operations. Public reaction following the initial MVM installations at 59th Street/Columbus Circle Station and 68th Street Station has been positive, Dugré said. The introduction of the MetroCard vending machines will reduce passenger lines at token booths and will add further convenience for subway and bus riders through the credit/debit card payment feature of the automated machines. The contract option exercised by NYCT calls for an accelerated delivery schedule from 55 per month to 80 per month. The new schedule will allow NYCT to provide its customers full service automation by the end of the year 2000, including all new farecard purchases as well as value reload on existing farecards. Preliminary data gathered by NYCT indicates that over 40 percent of the MVM sales are "add value" transactions wherein customers elect to keep their MetroCards and refill them with value rather than purchase new cards. This benefit reduces fare media cost to the transit authority by spreading it over a greater number of transactions. Additionally, customer preference for credit/debit card purchases over cash will reduce cash counting costs. Initial reports from the 10 MetroCard vending machines presently installed in Manhattan show that approximately 50 percent of the dollar value of all transactions are made at those MVMs with a credit or debit card. Credit/debit purchases are available only at the MVMs. CTS, a world leader in automated fare collection systems for mass transit, has installed turnkey systems in major cities throughout the world, including London, New York, Chicago, Washington, D.C., Hong Kong, Kuala Lumpur, Sydney, and two leading cities in China, Guangzhou and Shanghai. [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| Subject | Author | Date |
| Bombadier will be a likely candidate with ERG to tender for New York (NT) | later this year--most probably post June 30th 03 | Monday, April 28, 07:57:15am |