In brief
- Worth up to £1.96 billion over seven years
- TfL has 75 contracts worth £3.66 billion in 2026
- TfL’s largest other contract is £992 million in 2019
Transport for London has awarded Indra Sistemas a contract worth up to £1.96 billion to take over, operate and maintain its fare collection system for seven years, according to a notice published on 12 October.
The work covers integrated revenue collection services and, in partnership with TTL and Transport for London, development, enhancement and expansion of the system to meet future needs.
GovMarket data shows TfL has awarded 75 contracts worth £3.66 billion in 2026.
It is the first contract between TfL and Indra in GovMarket records. Indra has two public sector contracts worth £2.1 million in records since 2024. Its largest other contract is £2.08 million with National Highways in 2024.
GovMarket data shows TfL’s largest other contract is £992 million with Octopus Energy in 2019. The contract runs from 15 January 2026 to 14 January 2033.
Key facts
* 2026 so far
| Year | Value | Contracts |
|---|---|---|
| 2021 | £1.91bn | 126 |
| 2022 | £649.3m | 151 |
| 2023 | £1.12bn | 186 |
| 2024 | £1.55bn | 260 |
| 2025 | £639.7m | 47 |
| 2026 | £3.66bn | 75 |
* 2026 so far
| Year | Value | Contracts |
|---|---|---|
| 2024 | £2.1m | 1 |
| 2025 | 0 | 0 |
| 2026 | 0 | 1 |
Written from published notices and GovMarket contract records. Totals cover GovMarket records, which start at different dates for each source.
