Congratulations to Cubic Transportation on winning the Electra contract with Transport For London worth over £660m over the next 10 years.
- The Electra contract covers the maintenance and availability of ticketing and fare collection equipment on 8,500 buses, 1,900 ticket gates at London Underground and London Overground stations, 1,800 stand-alone validators including on the DLR , 1,600 ticket machines and at the 250 National Rail stations where card readers are located. There are also around 4,000 retail devices at Oyster Ticket Stops across the capital.
- Oyster was introduced on London's transport network in 2003. Since then, over 70 million Oyster cards have been issued and more than 9 million are in regular use. Over 85% of all public transport journeys in London are made using Oyster.
- TfL will soon launch contactless payment card acceptance on the Tube and rail network. Contactless payments have been accepted on London's buses since December 2012 with around 17 million journeys being made in that time.