Card funding

March 2011
Railway Gazette International;Mar2011, Vol. 167 Issue 3, p16
Trade Publication
The article reports that since the Southeastern Pennsylvania Transport Authority (SEPTA) was unable to borrow money from either the federal or state government to set up a new smart card care collection system, it has approached ACS Transport Solutions, Scheidt & Bachmann, and Cubic Transportation Systems, hoping to sign a contract for 175 million dollars by June, with the loan to be repaid over a 25 year period.


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