SAN DIEGO, July 31, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Cubic (ITMS), a subsidiary of Cubic Transportation Systems , has announced a contract with Transport for London (TfL) worth some $85 million at current exchange rates over the initial six-year term to keep traffic moving in a vital part of the capital. It will maintain and expand the use of intelligent traffic signals, as well as new crossings for pedestrians and cyclists, at strategic points across the city. The contract includes a provision for a further two-year extension.
The news follows Tuesday's announcement that Cubic has been awarded TfL's Electra contract for ticketing and revenue management in the capital from August 2015, continuing a relationship that stretches back over three decades and that is increasingly touching on all modes of travel in the capital.
The Traffic Control Management Services 2 (TCMS2) contract covers the whole of London. Cubic has been assigned responsibility for 1,000 traffic signals, variable message signs and overhead gantries across south-east London. The contract starts on October 1, 2014.
Cubic(ITMS) will deliver the best possible cost benefits for its maintenance program, after three decades of serving the capital managing the East London traffic control systems and infrastructure.
John Pickworth, sales director UK at Cubic Transportation Systems, says: "We are delighted to have been awarded this contract which is crucial in maintaining London's road network. It goes to prove that we are an essential part of London's infrastructure and whether on roads or public transport, we are here to keep the capital moving.
"This contract has a larger scope than previous awards as we will have to source and deliver all required equipment and works associated with the project. We have a responsibility to London and will need to maintain availability of 99.1 percent of traffic signals each period. As always, we aim for the highest level of service in all the contracts we serve."
The traffic signals maintenance contract is a part of TfL's and the London Mayor's plan to double the investment in London's road network from £2 billion to £4 billion over the next few years.
Part of TfL's investment will go towards upgraded pedestrian crossings with countdown timers and audible alerts, efficient Light Emitting Diode (LED) traffic lights, and cycle improvement schemes with low level cycle signals. The improvements will also see the expansion of the Split Cycle Off-set Optimisation Technique (SCOOT) technology, which changes traffic signal timings based on traffic levels.
Dana Skelley, Director of Asset Management at TfL, said: "London is world-leading when it comes to traffic signals management and our new contracts will allow us to remain at the cutting edge of traffic control technology. We have a range of works planned to improve traffic signals across London and we look forward to working hard with our partners to implement them."
About Cubic Transportation Systems
Cubic® Transportation Systems, Inc., is part of Cubic Corporation. Cubic Corporation is the parent company of three major business segments. Cubic Defense Systems is a leading provider of realistic combat training systems and secure communications systems. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services for U.S. and allied nations.
Cubic Transportation Systems, Inc., is a leading integrator of payment and information technology and services for intelligent travel solutions. Cubic delivers integrated systems for transportation and traffic management, delivering tools for travelers to choose the smartest and easiest way to travel and pay for their journeys, and enabling transportation authorities and agencies to manage demand across the entire transportation network – all in real-time. Cubic specializes in design, development, manufacture, supply, installation, integration, services and information. Services provided by Cubic include on-site management, central systems, operations support, patron support, business support and field services.
Every year, more than 24 billion transportation payment transactions are processed using Cubic payment and information systems worldwide. Cubic has delivered over 20 regional back office operations which together integrate over 130 transport operators and serve over 38 million people every day in major markets around the world. Active projects include London; Brisbane (Southeast Queensland) region, Australia; New York/New Jersey region; Washington, D.C. /Baltimore/Virginia region; Los Angeles region; San Diego region; San Francisco region; Minneapolis/St. Paul; Chicago; Atlanta region; Miami (South Florida) region; Vancouver and Edmonton, Canada; Sydney (New South Wales), Australia; Germany; and Scandinavia. For more information about Cubic, see the company's website at http://www.cubic.com/ .
Contacts:
Tony Brown
HAMG360
PH: +44 (0)208 315 7945
tony.brown(at)HAMG360(dot)com
Suzanne Hatcher
Corporate Communications
Cubic Corporation
PH: 858-505-2430
Cell: 858-774-4736
suzanne.hatcher(at)cubic(dot)com
This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit http://www.prweb.com/releases/2014/07/prweb12057241.htm
Cubic Corporation Suzanne Hatcher +1 (858) 505-2430
