CTA Open Fare Payment System - Equipment (Lease) - VENTRA
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CTA Open Fare Payment System - Equipment (Lease) - VENTRA: funds will provide in part for the principal and interest of the agreement need for the Open Fare Standard equipment, hardware, and software costs.
The contractor (Cubic) costs including, but are not limited to, expenses incurred to design, build, finance, operate, maintain, repair and replace the equipment, the software and the Open Standards Fare System, and provide the Services, in accordance with the specifications and performance at the service levels and perform any other obligations pursuant to this Agreement.
The capital share of the annual Base component cost is $15 million which provides for necessary design, testing, purchase and installation of assets such as the following: Ventra Vending Machines, Mobile Data Validators (readers), Driver Terminal Displays, retail terminals, and B26all software applications, and back-end hardware.