A new FOI response has shed light on some of Transport for London’s obligations to Barclays under its sponsorship agreement with the bank. The deal covers both the cycle hire scheme and cycle superhighways and is worth “up to £50 million” to TfL by 2018. Previous FOI responses have revealed that Barclays is invoiced “every […]
TfL confirms level of borough funding for Cycle Hire scheme
London councils have so far agreed to pay a total of £6.1m towards the cost of the capital’s Cycle Hire scheme. Transport for London has agreed contributions from four councils and is in discussions with the Royal Borough of Kensington & Chelsea over an unspecified contribution. New figures reveal that an agreed £2m contribution from […]
Higher fares and cycle hire charges come into effect
New above inflation fares have come into effect across the capital’s transport network. Passengers on Transport for London services including the Tube, buses face on average a 4.2% increase. There are also increases in the cost of rail services and access fee for TfL’s Cycle Hire scheme. The increase was announced last month by Mayor […]
Exclusive: TfL reveals how much Barclays has paid for Cycle Hire scheme
Bank has paid £13.43m of its promised £50m sponsorship.
Will TfL finally come clean over Barclays’ Cycle Hire payments?
TfL’s refusal to provide details about its sponsorship schemes is an own-goal that detracts from the positives.
