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| Subject: ITS---ERG Sydney 20/2/2003 parts 1 and 2 | |
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Date Posted: Thursday, February 20, 02:48:32am In reply to: http://www.patersonord.com.au/ ERG 03 Dec 2002 's message, "  " on Wednesday, February 19, 07:19:03amERG LIMITED 2003-02-20 ASX-SIGNAL-G HOMEX - Perth +++++++++++++++++++++++++ Global transit smart card leader ERG Limited (ERG) today announced that its Integrated Transit Solutions Ltd (ITS) subsidiary has signed contracts with the New South Wales Government to supply, install and operate an integrated smart card based ticketing system for the entire Greater Sydney commuter transport network. The total value of the contract is approximately $320 million; however, incorporating CPI escalation over the term of the contract, ERG is expected to ultimately receive $370 million. The contract value comprises approximately $94 million to supply the system and approximately $276 million to operate the system for ten years. The agreement covers all SRA commuter rail, State Transit and private operator buses, State Transit and private operator ferries, as well as Sydney's light rail and monorail. The transport network handles approximately 630 million passenger journeys each year with revenue collections of approximately $800 million. Under the contract, work will commence immediately to design and supply all components of the integrated ticketing system and ITS will then operate the system on behalf of transport operators for a minimum period of ten years following the initial installation. The project includes the installation ofERG's proven MASS (multi-application smart card solution) central computer processing system. It is expected that the first commuter smart card travel will be available on inner city services in late 2004, with current plans to convert most of Greater Sydney's commuter transport services to smart card ticketing during 2005. At that time it is expected there will be 2 million smart cards on issue. The system is expected to be fully operational in 2006. According to ITS Chairman and ERG CEO, Peter Fogarty, the Sydney project will be an important contributor to ERG's long-term recurring revenues. it will be the largest smart card system in Australia and will rank as one of the largest in the world. "We have been working to build a portfolio of large scale mass transit ticketing projects that will generate annuity like revenue streams. "We look forward to working with the NSW Department of Transport, the Government and private transport operators in creating one of the world's leading reference sites for a large scale, fully integrated smart card system," Mr Fogarty said. According to ERG's Asia Pacific Managing Director, Rob Noble, Sydney will join a growing list of major cities such as Gothenburg, Hong Kong, Las Vegas, Manchester, Rome, San Francisco, Singapore, Toronto and Washington DC that have chosen ERG's technology. "This growing portfolio of reference sites is clear evidence that ERG's technology and delivery are considered at the forefront of the international market," Mr Noble said. The smart card contract also includes a separate agreement which gives ERG's ITS the right to work with the Government to extend the use of the transit smart card to other applications potentially including vending, venue ticketing, parking, fast food outlets and tolling. This follows similar initiatives in Hong Kong and San Francisco, where customers appreciated the extra utility offered by the smart card for other similar transactions. Additional revenue generated from this agreement will be shared between ITS and the Government. "There are significant opportunities for the use of smart cards beyond the immediate transit applications. In addition, we see scope to add the transit application to other smart cards Sydney commuters may use in the future," Mr Noble added. MORE TO FOLLOW ERG LIMITED 2003-02-20 ASX-SIGNAL-G HOMEX - Perth +++++++++++++++++++++++++ THE HON CARL SCULLY MP Minister for Transport Minister for Roads MEDIA RELEASE SINGLE TICKET SYSTEM FOR SYDNEY The Minister for Transport, Mr Carl Scully, today announced a contract has been signed to develop a revolutionary single-ticket system for public transport in greater metropolitan Sydney. TheGovernment has entered into a $320 million contact with Integrated Transit Solutions (ITS) to design and build and operate NSW's integrated smart card ticketing system. The key phases of the project are: * Comprehensive system design, development and testing starting now and expected to finish by the second half of 2004. * Phased implementations across the public transport network expected from the second half of 2004. * Expected to be fully operational by late 2006. MrScully said integrated ticketing would be a significant undertaking, involving both government and private transport operators, providing benefits for public transport users. "One-card integrated ticketing will make significant customer service improvements by making it easier, quicker and safer to access all forms of public transport. "A key benefit of having just one ticket will be that instead of queuing up to pay the fare, the preferred fare can be automatically loadedon to your smart card when it is required. "Additionally, the smart cards will be 'contactless', which means they do not need to be swiped through a machine. "Instead, they only need to pass near a validator in the entry/exit area to ensure passengers can continue their journey with little interruption. "The smart card will not need to be removed from a wallet or bag provided it is close to the validator. That means people won't have to rummage for tickets or change, just walk through which is an added time-saving and security benefit." The one-ticket system will apply to all transport modes in the Sydney, Hunter and Illawarra regions, reaching as far as Lithgow in the west and Goulburn in the south west. It will enable travel on rail, light rail, monorail and private and public bus and ferry services. "A single smart card will be an added incentive for people to leave their cars at home and take public transport. "As smart card technology is now being used for a variety of purposes, it is even likely that in the future public transport tickets will be used for a range of retail transactions as well as e-tolling," Mr Scully said. The Department of Transport NSW, in consultation with government and private transport operators, will oversight the development and implementation of the integrated ticketing system. The $320 million contract is for 10 years from the start of system operation and will give rights to ITS (a consortium led by Australian technology company ERG) to operate and maintain the system over that period. The integrated ticketing system will relieve the State Rail Authority and the State Transit Authority from having to upgrade their own ticketing systems - a cost that is already factored into their capital investment plans. The new system will also be cheaper to operate than existing systems. The Government's costs will be met from savings integrated ticketing provides to government trains and buses, reduced fare evasion and from a recurrent allocation through the Department of Transport (DoT). The recurrent allocation to the DoT for the next four years is $25.9 million. This is contained in the existing recurrent allocations to the Department. Therefore it will have no impact on projected Budget surpluses. Contact: Tracey Annear on 9228 4455 or 0411 020 292 [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| Subject | Author | Date |
| ERG not out of the woods as yet. Seattle estimated to be of around same value as Sydney-before end April. | Thieved off Lost-of Ozestock-analysis of Sydney | Friday, February 21, 07:01:39am |
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