From Transport Briefing:
Transport for London has signed a three year ticketing deal with technology firm Cubic Transportation which will transfer ownership of the Oyster brand to TfL and ensure the smartcard technology is available for transport and other uses at Olympic venues in 2012. Cubic will sub-contract elements of the work to EDS
Shashi Verma, TfL's Director of Fares and Ticketing, said:
"This new deal will see Oyster in the pockets of Londoners for years to come and will save significant money that TfL will invest in improving transport in the capital. Transport for London is delighted that its successful partnership with Cubic and EDS will now continue for the next five years. The new contracts will deliver better value for money and improvements to Oyster for passengers across London."
To which Annie Mole says:
"It could hardly deliver worse value for money and I certainly look forward to hearing what the improvements will be."
Yes indeed.
