• Facebook
  • Google Plus
  • RSS Feed
  • Twitter

Menu

Skip to content
  • About
  • Staff
  • Contact
  • Support
  • Advertise
  • FAQ
  • Privacy Policy
  • Terms of Service
Header image

Times of San DiegoLogo

Local News and Opinion for San Diego

Menu

Skip to content
  • All
  • Politics
  • Crime
  • Business
  • Sports
  • Education
  • Arts
  • Military
  • Tech
  • Life
  • Opinion
Search Thousands of San Diego Jobs
  • Poway Schools Urged to Cancel Talk by Rep. Rashida Tlaib, Critic of Israel
  • Four Men Plan Lawsuit Against San Diego Diocese in Predator Priest Case
  • Man Sentenced 71 Years to Life For Gaslamp Shooting That Wounded Deputy
  • Authorities Ask for Help Identifying Suspect in Bat Attack at Kearny Mesa Gas Station
  • Equestrian Park Among New Recreation Projects to Get Green Light From County

Home » Business » This Article

San Diego’s Cubic Wins $539 Million Contract to Upgrade NYC Transit System

Posted by Chris Jennewein on October 25, 2017 in Business | 314 Views
| Comments | Leave a Comment
Share This Article:
Facebooktwitterredditpinterestlinkedinmail
MTA MetroCard with Cubic equipment
An MTA MetroCard is scanned by Cubic equipment. Courtesy Cubic

San Diego-based Cubic Corporation announced Wednesday that it has won a half-billion-dollar contract to upgrade the fare system on New York City’s subways and buses.

Support Times of San Diego's growth
with a small monthly contribution

Become a supporter

Cubic was selected to replace New York’s 20-year-old MetroCard system with new technology similar to that recently installed by Cubic for London Transport‘s trains and buses.

The base contract is worth $539.5 million with additional options valued at $33.9 million.

“Today’s vote is a tremendous win for New Yorkers, paving the way for flexible payment options, a streamlined trip through the region’s public transit, and updated equipment that will help save money in operating costs. Together with Cubic, we look forward to building the MTA of tomorrow,” said Joseph J. Lhota, chairman of the New York Metropolitan Transit Authority.

The new system allows customers to create personalized transit accounts to see ride history, check balances, add value as well as report lost or stolen cards to protect their funds. They will also have the option of using credit and debit cards and mobile devices at the bus or turnstile.

The new Cubic equipment will be installed in the MTA’s 472 subway stations and on 6,000 buses.

“We are extremely pleased with being awarded this contract, which reinforces Cubic’s position as the industry leader in advanced transportation payment and information solutions” said Brad Feldmann, president and chief executive officer of Cubic.

San Diego’s Cubic Wins $539 Million Contract to Upgrade NYC Transit System was last modified: October 26th, 2017 by Chris Jennewein

>> Subscribe to Times of San Diego’s free daily email newsletter! Click here

Follow Us:
Facebooktwitterrss
Posted in Business | Tagged buses, Cubic Corporation, fares, New York Metropolitan Transit Authority, subways
Search Thousands of San Diego Jobs

Get Times of San Diego by Email

Our free newsletter is delivered at 8 a.m. daily.


Most Popular Today

  • How a 384-Word Story by Morgan Cook Led to Duncan Hunter's Guilty Plea How a 384-Word Story by Morgan Cook Led to Duncan Hunter’s Guilty Plea 1,260 views
  • World Sports Court Restores Vin Lananna as USATF President, Board Chairman World Sports Court Restores Vin Lananna as USATF President, Board Chairman 1,170 views
  • New SDSU Stadium Floor to be Named Bashor Field for Donor after $15M Gift New SDSU Stadium Floor to be Named Bashor Field for Donor after $15M Gift 660 views
  • Rachel Maddow Faces Slapdown by UC Linguistics Professor in Defamation Suit Rachel Maddow Faces Slapdown by UC Linguistics Professor in Defamation Suit 630 views
  • 7 San Diego Law Professors Sign Letter Calling Trump Conduct Impeachable 7 San Diego Law Professors Sign Letter Calling Trump Conduct Impeachable 580 views

©®2019 Times of San Diego LLC

Menu

  • About
  • Staff
  • Contact
  • Support
  • Advertise
  • FAQ
  • Privacy Policy
  • Terms of Service