The eight year contract will see the winning firms cut costs by 25% on previous maintenance deals and save up to £450m.
The new frameworks, developed jointly by TfL and the London Boroughs, will cover both road maintenance and the design and construction of new schemes.
Twelve London Boroughs will initially use the framework but as more authorities take it up the value of work could rise to £2.6bn.
Dana Skelley, Director of Roads at TfL, said: “These new contracts will allow us to further deliver this work in an efficient manner through joined up working with other London highway authorities, ensuring greater value for money and delivering a better road network for all.”
Chair of London Councils’ Transport and Environment Committee, Councillor Catherine West said: “The London Highways Alliance Contract will mean better roads for Londoners at a lower cost.”
The successful bidders are:
CVU (a Joint Venture between Colas, VolkerHighways and URS) – Central area (covering roads within Camden, City of London, Southwark, Tower Hamlets, Hackney, Lambeth, Wandsworth, Hammersmith & Fulham, Royal Borough of Kensington & Chelsea, Islington and Westminster)
Ringway Jacobs – North-east area (covering roads within Havering, Barking & Dagenham, Redbridge, Newham, Waltham Forest, Haringey and Enfield)
Conway Aecom JV – North-west area (covering roads within Hounslow, Hillingdon, Ealing, Brent, Harrow and Barnet)
EnterpriseMouchel – South area (covering roads within Bexley, Greenwich, Lewisham, Bromley, Croydon, Sutton, Merton, Royal Borough of Kingston upon Thames and Richmond upon Thames)