The death knell has sounded for the Tcard project, with Minister for Transport John Watkins announcing the end of the troubled scheme -- but there is still hope the e-ticketing show will go on, according to the Minister.
Although ERG Group has threatened a lawsuit to reclaim its AU$250 million losses on the Tcard project, the Transport Minister's office believes the government is in a solid legal position.
Hopes the TCard debacle might be settled by a meeting of the Public Transport Ticketing Corporation (PTTC) last Friday were dashed yesterday when a spokesperson for the PTTC confirmed it had met, but had not reached a decision.
ERG Group has today voluntarily suspended its shares from trading on the Australian Securities Exchange while the company works out "issues" related to the termination of its Tcard contract.
Tcard, or some variant of it, is again on the cards as the NSW government looks to its options for getting Sydney's electronic ticketing back on track.
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