Cubic and Boston MBTA Announce New Agreement for Delivery of Next-Generation Fare Payment System
June 18 2020 - 3:44PM
Business Wire
Renewed public-private partnership between MBTA
and Cubic, with capital partner John Laing, to provide seamless
commute experience with modernized contactless payment system
Cubic Corporation (NYSE:CUB) today announced its Cubic
Transportation Systems (CTS) business division and the
Massachusetts Bay Transportation Authority (MBTA) closed a new
agreement, ratified by the MBTA’s Fiscal Management Control Board,
to implement the much-anticipated contactless payment system
previously known as AFC 2.0. Under the structure of the agreement,
rollout of the program will unfold in phases, with incremental
improvements throughout the term of the contract. The final phase,
which will extend the new payment system to the commuter rail
system, is scheduled for 2024.
“We listened to the asks of the public through various meetings
and channels, and remain strongly committed to our partnership with
the MBTA to reflect and deliver the state-of-the-art contactless
payment solution to its transit riders and commuters,” said Jeff
Lowinger, president of Cubic Transportation Systems. “I commend our
teams for their relentless work, throughout the current COVID-19
pandemic, to finalize this agreement and ensure progress for a more
sustainable roll out.”
The improvements implemented with this program will allow for
payment flexibility for customers including mobile payment,
contactless debit or credit cards and agency-issued fare media for
those without a bank card or who prefer not to use one. As features
are rolled out, the new system will allow for a more flexible fare
system, with the ability to offer benefits such as zone and
distance-based fares, time of day fares, and fare capping. These
are in addition to the quality-of-life improvements like shorter
wait times for bus boarding and unified fare transference across
all MBTA modes which will result from the improvements.
“We’re pleased to have reached this major milestone in our
continued efforts to completely transform the T’s fare payment
system, and critical to that effort is incorporating the feedback
we’ve received from our riders and stakeholders,” said Steve
Poftak, MBTA general manager. “I want to thank the Fare
Transformation Program team for their diligent work on this
achievement, our partners Cubic | John Laing for their
collaboration in adapting these changes, and our riders especially,
for providing feedback that allows us to deliver a fare system that
best meets their needs.”
The project is structured as a Public-Private Partnership with
the project financing being led by John Laing, a leading
originator, investor and manager of capital projects.
“John Laing’s commitment to this project is a testament to our
ambition to work on projects which deliver long-term community
benefits,” said David Wylie, asset director of John Laing. “The
comprehensive upgrade and modernization of the MBTA fare system
will bring a state-of-the-art, safe and secure system, which will
also encourage more use of public transportation. We look forward
to the roll out.”
About Cubic Corporation
Cubic is a technology-driven, market-leading provider of
integrated solutions that increase situational understanding for
transportation, defense C4ISR and training customers worldwide to
decrease urban congestion and improve the militaries’ effectiveness
and operational readiness. Our teams innovate to make a positive
difference in people’s lives. We simplify their daily journeys. We
promote mission success and safety for those who serve their
nation. For more information about Cubic, please visit
www.cubic.com or on Twitter @CubicCorp.
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Media Contact Don Martelli
Belfort Group 617.646.3348 (Direct) 617.413.6773 (Mobile)
Don@thebelfortgroup.com
Crystal Nguyen Corporate Communications Cubic Corporation PH: +1
858-505-2593 Crystal.Nguyen@cubic.com
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