Bus

CTA awards vending, parking contracts

Posted on October 22, 2009

On Wednesday, the Chicago Transit Authority's (CTA) Board approved a three-year contract with Coca Cola Enterprises to furnish, install, replenish, operate and maintain soft drink vending machines on CTA property. The contract also contains two one-year options for renewal.

The CTA is estimated to receive more than $1.4 million over the next five years under the terms of the contract, which gives the agency a 50 percent revenue split.

Coca Cola currently has 271 vending machines on CTA property. These machines will stay in place as Coca Cola evaluates the feasibility of adding machines across the system - including the introduction of machines that will accept credit and debit card payment. The new contract also will give customers a greater variety in their options at vending machines.

From 2004-2008, the Coca Cola contract generated an average of $228,000 annually in revenue for the CTA. The new contract is projected to generate approximately $283,000 annually.

The CTA Board also approved a five-year contract with Central Parking System (CPS) Chicago Parking for the operation, management and maintenance of select CTA parking facilities. Under the new contract, the CTA is guaranteed $1 million annually, or up to 49.5 percent of net revenue, whichever is greater.

CPS will purchase, install and maintain new fee collection equipment for 11 of the CTA's 17 Park & Ride locations that fall under this contract. The new equipment will accept credit cards, payment by cell phone and cash. CPS also will maintain all of CTA's Under 'L' parking areas, spaces under the elevated tracks that can be leased for a monthly fee.

From 2004-2008, the Standard Parking contract generated an average of $677,000 a year in revenue for the CTA - in 2008 the CTA earned $419,000 from the contract. Under the old contract, the CTA paid a four percent management fee and had to reimburse Standard Parking for 100 percent of their operating expenses. The new contract guarantees the agency at least $1 million per year and CPS will be responsible for their own operating expenses - including the new fare collection equipment, as well as a detailed scope of work for maintaining the lots.

 

View comments or post a comment on this story. (0 Comments)

More News

Boston could benefit from more BRT, report says

The report argues that the city should be pushing for the “gold standard” of BRT. That would include a control station that monitors buses and ensures they come at well-spaced intervals and enclosed stops that shelter customers.

Calif.'s OCTA to launch new bus design

The existing design, more than 20 years old, will be phased out to make way for the new look that prominently features a light blue and orange wave across the bus and the words “OC Bus.”

5 retired Honolulu buses to be turned into homeless shelters

According to the plan, each bus will serve a specific purpose, with some including restrooms and showers and others being equipped with beds.

Madison Metro discontinuing audible turn signals

Residents raised issues with the noise and questioned whether there is any proof of their effectiveness in increasing safety. Some also said they’re avoiding riding the bus because of the noise.

Coast RTA to purchase vehicles from DART

In reviewing the vehicles, the 2003 NABI buses average 329,000 miles; however, they all have received mid-life engine overhauls, which average less than 85,000 miles.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The resource for managers of class 1-7 truck Fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close