In accordance with Listing Rule obligations, we wish to advise as follows.
The Transport Ticketing Authority (TTA), part of the Department of Infrastructure in Victoria, has advised that it will not be continuing further negotiations with the consortium to which ERG is a subcontractor in the lead up to selecting a preferred tenderer for its new public transport ticketing system. ERG will consider alternative options ahead of a final decision.
This is a disappointing decision, as IBM and ERG believe they offered a compelling package for the TTA and Victoria. Whilst ERG is still considering its position with respect to Melbourne, it remains focused on profitably delivering its projects and pursuing new opportunities
