Article Highlights
Cubic topped rival Indra on technical points, though still lost a big contract to provide a nationwide next-generation ticketing system to the National Transport Authority in Ireland. The loss comes at a time when Cubic is reorganizing, seeking to increase profits and cut debt.
NTA had estimated that the next-generation ticketing project would cost between €260 million and €440 million for capex. Opex would amount to between €800 million and €1.2 billion over the first 10 years. There would be an option for an extension to a second 10 years, making the maximum potential contract just under €2.8 billion. That looks like it was an overestimation.
• NTA (Ireland)
• Cubic
• Indra
• Conduent
• Veritas Capital
Cubic Transportation Systems has confirmed that it topped the winning vendor, Spain-based Indra, on technical points in the recent competition for the large next-generation ticketing system contract in Ireland, Mobility Payments has learned.
The contract award secured by Indra is worth €243.6 million (US$260.1 million), according to an official
Subscription Required
This premium content is only available to subscribers
Article has about1736words.
To keep reading, subscribe today
Get access to premium content from the only global publication devoted exclusively to mobility payments by subscribing today to the most authoritative source for news and analysis in the industry.
