BME:IDRIT
How Investors May Respond To Indra Sistemas (BME:IDR) Winning TfL’s Long-Term Ticketing Contract
Indra Group has secured one of the largest contracts in its history, with Transport for London awarding it a long-term project to operate, maintain and develop the ticketing and access control system for London’s entire public transport network through at least 2034, worth up to £524 million (about €605 million) and potentially extendable to over £845 million (about €975 million) until 2039.
This win positions Indra as TfL’s key technology partner on one of the world’s most complex fare...