Contracts waiting for decision.Stockholm Washington DC/Virginia -- Anonymous

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Subject	Author	Date
San Francisco phase 2 also due soon.	No name	Friday, February 21, 09:38:47am

Re: Contracts waiting for decision.Stockholm Washington DC/Virginia (NT)	ERG expects actual work on phase two Translink to commence shortly after finalisation of contracts--source page 50-info memorandum	Monday, March 31, 04:21:06pm

Re: Contracts waiting for decision.Stockholm Washington DC/Virginia (NT)	work on Washington is expected to commence second quarter 2003	Monday, March 31, 04:30:57pm

Stockholm/approxA$58 million/supply-A$49 millionmaintenance of A$9 million1/4/2003ASX 3/4/2003precedent being satisfiedcontract awarded against competitorsSchlumberger Sema and Cubic.ERG/already has/contracts-Varmland&Gothenburg-Gothenburg currently being upgraded smartcardtotalm valuenew projects Seattle Washington DC Sydney Stockholm A600 mill more than half is recurring operating or maintence revStockholm known as Resekortet (theTravel Card Project)(the RKF, specification)upgrade-smartcard/also install/central processing systemWork/expected/start/project.early April03/revs flowing April 1st	fully operational 4th quarter/2005 new system important cornerstoneMalardalen Regioncovering 75% publictransportExport Finance and Insurance CorporationApril note capitilisation saving 9.375 mill	Thursday, April 03, 03:38:49am

The contract, signed with Stockholm's public transport authority AB Storstockholms Lokaltrafik (SL), strengthened the smartcard company's position in Sweden where it had already won contracts in Varmland and Gothenburgupgrade of the current magnetic ticketing system to ERG's smartcard platform..	Work is expected to start early this month, with revenues flowing from April 1The new system is scheduled to be fully operational by the fourth quarter of 2005.	Friday, April 04, 10:53:21pm

Export Finance and Insurance Corporation (EFIC) is to provideperformance bonds for projects won by ERG in Seattle,Stockholm andWashington DC	performance bonds comprise bonds of SEK 45 million (A$9 million),US$2 million (A$3.3 million) and US$8 million (A$13.3 million) forthe projects that have been awarded to ERG over the past two months.	Friday, April 04, 10:57:33pm

Under the terms of the offer, EFIC will provide performance bonds toERG's customers. The bonds will allow ERG's customers inthe threeprojects to make progressive payments to ERG and	significantly reduceERG's cash exposure to the projects.	Friday, April 04, 11:00:20pm