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Transport for London’s finance committee approved a new revenue-collection contract this week, but the agency is not yet releasing the winner–whether it will stay with its long-standing incumbent Cubic or switch to challenger Indra.
According to TfL tender documents issued in 2022, the base revenue-collection contract was estimated to be worth £800 million for seven years.The estimate in 2022 was £1.5 billion (US$2 billion) if the contract were extended to the maximum 12 years.
• TfL (London)
• Cubic
• Indra
• Accenture
• Scheidt & Bachmann
Transport for London’s finance committee approved the agency’s new revenue-collection contract earlier this week, but the agency declines to say who won, promising only that the winning vendor will be announced “in due course.”
As Mobility Payments reported on Friday, the committee’s much-anticipated decision determined whether TfL would stay with its long-term incumbent, U.S.-based Cubic Transportation Systems, or switch to challenger Indra Systems of Spain. These were the two short-listed vendors for the contract, as Mobility Payments has reported.
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