This base contract included implementation of an account-based ticketing back office and validators for the approximately 1,300 bus fleet and on light rail platforms. The contact option adds to a $37 million base contract for INIT that the agency board approved in February 2020. The fact that costs for the equipment have ballooned over the past two years did not deter the agency. The money will go to replace aging fareboxes on board the buses and install new ticket-vending machines, or TVMs.
Underscoring the determination to keep cash was the approval by the agency’s board late last week of a $48.3 million contract option for Germany-based fare-collection system vendor INIT. While Houston Metro, a large public bus agency in the U.S., plans to introduce open-loop payments as part of an account-based ticketing system now being built for it, the agency has no plans to phase out cash acceptance on board its more than 1,200 buses, a spokeswoman confirmed to Mobility Payments.
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