Contract award · 15 Jan 2026

TfL Revenue Collection Services - Project Proteus 24412

Transport Trading Limited awarded “TfL Revenue Collection Services - Project Proteus 24412” to Indra Sistemas S.A. for £1.96bn on 15 Jan 2026.

Office & computing equipmentLondon

Value £1.96bn

Competition with a shortlist

Competitive procedure with a selection stage: suppliers were shortlisted before being invited to bid.

Key facts

Buyer
Transport Trading Limited · Body governed by public law
Value
£1,964,400,000
Procedure
Competitive dialogue
Sector
Office & computing equipment · Automatic fare collection (CPV 30144400)
Region
London
Timeline
  1. Contract date15 Jan 2026
  2. Published14 May 2026Published 119 days after the contract date

Description

Transport for London's (TfL's) ability to collect fares revenue is fundamental to its achieving and maintaining financial sustainability. Critical to achieving this objective is to ensure we are effectively collecting the revenue by ensuring the revenue collection system and services are available and reliable. The Proteus Contract will ensure that operating costs are efficient, economic, and sustainable; and deliver value for money and support the delivery of the TfL change and innovation programme. The revenue collection system (the System) supports the Mayor's Transport Strategy objective of making better use of technology to improve the public transport experience, by providing simple and effective payment options to customers. TfL, through TTL, owns and has made significant investments in the System. The contractor under the Proteus Contract will be required to take over the system and become responsible for its maintenance, operation, development, enhancement and expansion in or…

About the supplier

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