Bidders announced for London fare collection

TfL has announced the shortlisted bidders for the contract to supply fare collection to the London transport network. They are: Cubic Transportation Systems Ltd, LG CNS Co CNF and Scheidt & Bachmann GmbH. The winner will be named by October 2014, with the new contract commencing from August 2015 upon the expiry of TfL’s current settlement for ticketing systems. The contract term is for seven years with an early exit option at five years and extension options of up to three years. The contractor will assume responsibility for the provision and maintenance of front and back office revenue collection systems for all of TfL’s services at 400 Tube, DLR and London Overground stations, 250 National Rail stations in London and an off-system retail network of 4,000 Oyster agents. This includes ensuring that all of the gates are maintained and available and that Oyster readers on buses and at stations, platforms and retail outlets are working reliably.