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Given events of recent times, perhaps no surprise with today's announcement from TfL...

Transport for London to terminate £100m a year Oyster contract

The Mayor and Transport for London (TfL) are convinced that any new contract will deliver enhanced services for less money, driving significant savings.

The Mayor is keen to improve the Oyster card to make it even more attractive for Londoners and TfL will work to make sure this happens both quickly and in a way that represents the best value.

Shashi Verma, TfL's Director of Fares and Ticketing said: 'Transport for London is committed to delivering value for money across all of its services.

'As part of this we are looking at more cost effective ways to manage and develop the Oyster card system that we expect will save millions over the next few years.

'The savings will be reinvested to deliver further improvements in London's transport system.'

And the additional notes continue... snipped out the bits you probably know already...

The system was originally created, and is now maintained, via a Public Finance Initiative (PFI) contract held between TfL and Transys, a consortium whose principal partners are EDS and Cubic. TranSys is responsible for developing, installing, managing and maintaining London's automated fare collection system including the Oyster card system, on behalf of TfL
TranSys' shareholders include Cubic (UK) Ltd, EDS International Ltd, Fujitsu Services Ltd. and WS Atkins Consultants Ltd. The contract was put in place in 1998 for a term of 17 years. TfL is terminating the contract by exercising a break option in the contract