MBTA Automated Fare Collection System

PFAL acted as the financial advisor to the winning consortium of Cubic and John Laing. The special purpose company is responsible for the design, implementation, financing, operation and maintenance of a new $275 million Automated Fare Collection System that will simplify fare collection and improve the delivery of transit services in the Boston area.
The project will deliver a sea change to the MBTA’s fare collection system by implementing an integrated, reliable and convenient fare payment and collection system that enables customers to pay fares using contactless bank cards, mobile phones and fare cards across the MBTA’s entire network, including subways, light rail, buses, ferries and commuter rail.
This innovative availability payment-based concession was nominated for “Transit Project of the Year” and “Financial Structure of the Year” for 2018 by Partnerships Bulletin.