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Issuing Climate Bonds will help WMATA attract more environmentally conscious buyers to increase investor demand and result in a better, more competitive rate for the transit agency.
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With Transit, DTA customers now have access to an all-in-one experience that combines mobile ticketing from Masabi’s Fare Payments-as-a-Service platform with trip planning, real-time tracking, and connections to first-mile/last-mile services.
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The initiative is part of the Caltrans-led California Integrated Travel Project to improve travel planning and transit payments throughout the state.
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The project is part of a multimodal rollout that includes tap-to-pay options on selected ferries and trams in the cities of Helsinki and Tampere.
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Using a vastly expanded and robust retail network, riders will be able to purchase and reload value to their accounts with cash, credit, or debit.
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More details on the Fareless System Initiative — including costs, potential funding sources, and the possibility of including other L.A. County bus agencies — is expected to come next month.
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The system allows riders to purchase reusable smartcards for more convenient and affordable travel.
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Riders will be able to simplify travel with mobile ticketing through the agency’s Transit app, in addition to having free transfers and caps on fares.
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Alongside discussions around safety measures, such as limiting or staggering ridership to better enable physical distancing, mandatory mask wearing, and the introduction of rules and changes enabling safe increases in system capacity, agencies have been accelerating operational changes that were already being examined pre-pandemic.
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Nationwide in Switzerland and in a growing number of countries, transit users have used FAIRTIQ over 22 million times to check in when boarding and check out when done.
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