Indra rides off with £1.96B Transport for London ticketing deal as Oyster heads for back-office overhaul
Nothing says 'future of urban transit' like a defense contractor running your bus, tube, and train pass
Transport for London (TfL) has published full details of its Revenue Collection Services contract, awarded to Spanish defense and tech group Indra Sistemas in January, revealing the deal could be worth nearly twice what was initially announced.
The contract hands Indra responsibility for operating, maintaining, and developing almost all public transport ticketing across western Europe's largest city. This spans paper tickets, Oyster smartcards, and contactless smartphone payments.
It covers 8,500 buses, 1,000 stations, 4,000 third-party retailers, and seven visitor centers, running for seven years with options to extend by up to five more.
A contract award notice published on May 14puts the maximum possible value at £1.964 billion excluding VAT, significantly more than the £587.6 million TfL cited when it first announced the award, which it said could rise above...
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