Under the Agreement, Argo is expected to launch its Smart Routing™ transit system in Caledon this fall and operate the service for an initial fifteen-month period. The Agreement provides an aggregate fee to Argo of approximately $4.5 million for the initial term, excluding additional potential fare revenue retained by Argo. The Town has the ability to extend the Agreement for additional periods, including a potential twelve-month extension that has been authorized by the Town Council, subject to applicable municipal approvals. The system is expected to serve Caledon East, Bolton and Mayfield West/Southfields, with connections to GO Transit, Brampton Transit and York Region Transit. Further information regarding the service is expected to be communicated in the coming weeks in collaboration with the Town.
Argo has demonstrated two flexible deployment models for its Smart Routing™ transit system: delivering a full end-to-end municipal transit network, and augmenting an existing large-scale transit network. The Agreement represents another deployment of Argo's end-to-end transit network delivery model.
Delivering a Full Municipal Transit Network: Argo's Smart Routing™ transit system fully replaced the Town of Bradford West Gwillimbury's ("BWG") fixed-route bus system, ...
