Cubic Corp. Chairman and CEO Stevan Slijepcevic, when asked during a companywide “town hall” meeting for employees today about the status of the London revenue-collection contract, said that the vendor is “still in a standstill period and thus cannot legally talk about it.”
If true, it would mean Transport for London’s large operations and maintenance contract has not yet been signed, despite the agency’s finance committee awarding the contract July 14, as Mobility Payments reported. The question is, why hasn’t TfL signed the deal?