The Massachusetts Bay Transportation Authority (MBTA) last week finalized a $699.19 million contract with a Cubic-John Laing consortium for the design, implementation, operation and maintenance of a new automated fare collection system. Known as AFC 2.0, the system will enable riders to use smartphones or contactless credit cards to pay fares. The technology also will help speed up boarding times and reduce lines for Green Line trains, MBTA officials said in a press release. The new system will be available on all transit modes to allow for easy transfers. The system's initial elements will be implemented in late 2019, with full implementation by mid-2020. By 2021, the MBTA will retire its existing fare system.
In fiscal-year 2017, Siemens boosted its U.S. research-and-development investment by $175 million to $1.3 billion, marking a 16 percent increase over the prior year. The company has placed a "strong focus on digital innovation" with its investments, Siemens officials said in a press release. For instance, in Chicago, the company is investing $13 million annually in a new digital R&D hub focused on cloud and Internet of Things applications to support the building management and automation market. Globally, Siemens aims to spend $6.9 billion on R&D in FY2018, up from $6.3 billion in FY2017.
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