Recaudo Bogota

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Recaudo Bogota, S.A. (the “Company” or “Opportunity”) is Bogota’s Fare Collection and User Information and Service System’s concessionaire (“SIRCI”) for the new Integrated Public Transportation System (“SITP”). It is responsible for the integration and implementation of the system as well as for the commercialization of the Contact-less Smart Cards that will support the system’s fare collection. Recaudo will also provide real time data to support monitoring and control of the system’s bus fleet and real time transportation and fares information to users, bus operators and TransMilenio. Bogota’s bus-based transportation system is undergoing a massive overhaul. The ownership structure of the privately provided transport service is changing to allow 13 operators to take over from over 14,000 owner-operators of buses in an effort to introduce better quality standards, uniformity, transparent and adhered-to schedules and higher safety. The change can only be made possible by a further consolidation of fare collection and logistics through a common platform provided as a service by Recaudo Bogota starting July 2012. The common platform will allow the ultimate manager of the service, city-owned Transmilenio, to better manage this large and complex system that will comprise of multiple fleets of over 16,000 buses running 500+ routes and carrying over 4.5 million passengers daily.