Transport for London has apologised after thousands of Cycle Hire users were unable to rent bikes for nearly 12 hours on Wednesday. A problem with the scheme’s IT system meant users were unable to access bikes between 05.30 and 16.15. TfL says no users were charged late return fees as a consequence of the outage. […]
Boris: Cycle Hire users to pay an additional £6m per year
The capital’s Cycle Hire users are predicted to pay a further £4-6m per year following the recent increase in access fees. Earlier this month Mayor Boris Johnson announced hire and membership fees would double as part of his latest fares increase. The cost of 24 hour access will increase from £1 to £2, a weekly […]
Cycle Hire: Over 60% of late fees refunded
TfL has cancelled and refunded more than half the late return fees levied on users of London’s Cycle Hire scheme.
Boris’s poor value sponsorship deal finally catches up with him
By doubling the Cycle Hire scheme’s fees, Boris has finally admitted just how cheap a deal Barclays got.
TfL reveals frequency of Barclays sponsorship payments
In response to an FOI request Transport for London has provided some additional information about the payment arrangements for its £50m Cycle Hire sponsorship agreement with Barclays bank. As previously reported, the bank is the minority funder of the scheme which is projected to cost the taxpayer at least £225m by 2015/16. In its latest […]
