TfL has chosen to leave all of the ticketing and fare collection (or ‘front end’) matters for Oyster and contactless payments to the private sector, whilst keeping all of the ‘back office’ functions in-house.
As such, therefore, TfL recently announced that Cubic Transportation Systems Ltd has been awarded the ‘Electra’ contract, beginning in August 2015, to continue to provide these services. The new contract is worth around £660m over the next ten...
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