Cubic Transportation Systems, a business unit of Cubic Corp., announced that it has received a contract worth $7.6 million from Transport for New South Wales to deliver a trial of an open-loop payments ticketing technology to Sydney, Australia's largest city.

The trial, to begin in 2017, will enable Sydney commuters of participating payment schemes to tap their contactless bankcard directly on Opal readers at the trial site to pay for travel.

"Sydney is leading the way in this part of the world with the open payments technology, being the first city to deploy such technology in Australia and the Southern Hemisphere," said Tom Walker, senior vice president and managing director of Asia-Pacific for Cubic Transportation Systems. "Technology elements of both the London and Chicago systems will be incorporated in the new Sydney contactless project, leveraging the best of both combined with the award-winning Opal system.”

"The NSW Minister for Transport and Infrastructure, Andrew Constance, has announced his desire to transform TfNSW into a technology-driven organization and this is a clear demonstration of that strategy. Cubic is very proud to be part of this open loop trial," added Walker.