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

New Flyer opens innovation lab for advanced bus technology

The Vehicle Innovation Center is a state-of-the-art manufacturing lab, featuring virtual reality learning spaces, driving simulators, and other interactive exhibits.

Grande West, Alliance Bus Group land 100 Vicinity bus order

Grande West’s total firm orders for 2017/2018 delivery are for over 350 buses valued at over $130 million.

Scully named ‘Outstanding’ Business Member

The award recognizes service to the organization, and particularly in Scully’s case, legislative advocacy on behalf of North American mass transit.

MCI unveils D45 CRT LE coach at APTA EXPO

Deliveries of the Buy-America compliant, Altoona-tested clean-diesel coach are expected to begin in the fourth quarter of 2018. An all-electric version is also in development and will be released in 2020.

Proterra Catalyst E2 sets world record, drives 1,101 miles on single charge

Proterra’s 40-foot Catalyst E2 max traveled 1,101.2 miles with 660 kWh of energy storage capacity. For the last three consecutive years, the company has demonstrated improved range and battery performance.

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 number 1 resource for vocational 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