BC Transit Awards $10.7 Million Contract To Cubic Revenue Group For New Fareboxes.SAN DIEGO--(BUSINESS WIRE)--Oct. 20, 1997--BC Transit of Vancouver, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography , the largest transit agency in Western Canada
Western Canada, commonly referred to as the West , has awarded Cubic Automatic Revenue Collection Group a $10.7 million contract to provide an integrated fare collection system for its fleet of approximately 1,000 buses. In addition to the electronically registering bus fareboxes, the contract calls for a sophisticated data management and reporting system that will provide detailed analysis of revenue and ridership rid·er·ship n. The number of passengers who ride a public transport system. information collection from BC Transit's six bus depots. The system equipment to be provided is nearly identical to that recently provided for more than 5,000 buses serving the metropolitan New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of area. BC Transit This article is about BC Transit. For B.C. Transit in Broome County, New York, see Broome County Transit. BC Transit is a provincial crown agency responsible for coordinating the delivery of public transportation within British Columbia, Canada, outside of , which provides bus service to Vancouver and its surrounding communities, will begin taking delivery of the new fareboxes within the next two years. Initially, the units will process coins and magnetically encoded passes for fare payment and also issue magnetically encoded transfers. The electronic fareboxes offer multiple benefits both to the transit agency and its patrons. For the agency, greater revenue-tracking capability is achieved, as well as more flexibility in fare products for future expansion of services, including the ability to add a smart card payment component. For bus riders, the enhanced fare processing capability of read/write magnetic farecards will provide added convenience for their travel, including new fare media products. "BC Transit's selection of Cubic underscores our commitment to the bus market, as well as our support for the ongoing development of fare collection solutions that will take customers well into the next century," said John Lincoln, president and chief executive officer of the Revenue Collection Group. "We see this significant contract from BC Transit as the first step in providing an intermodal fare collection system for all modes of transit in Vancouver and its surrounding areas. Vancouver is a growing, dynamic city and we are honored to be chosen for this major award." The Automatic Revenue Collection Group is a subsidiary of San Diego-based Cubic Corp., whose stock is traded on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the symbol CUB cub the newborn of a number of animal species as diverse as lion, fox and bear. . CONTACT: Cubic Corp. Gerry Reeves, 619/505-2330 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion