Transys has been told by Transport for London that its £100m-a-year contract to run London’s Oyster card system will be terminated five years early.
The contract was due to run until 2015 but TfL is exercising a break option to cancel it in 2010. Six million Oyster cards are in use across London’s transport network.
In a statement, mayor Boris Johnson and TfL said they were convinced that any future contracts will deliver enhanced services for less money. “The mayor is...
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