The current system of graduated charges which increase the longer a bike is used are to be replaced by a flat fee of £2 per 30 minutes once the rider has used their initial free half hour period.
Boris Bikes go free to mark 4th anniversary
On the weekend of Saturday 16th and Sunday 17th August non-members will be able to borrow a bike for free as many times as they like without having to pay the normal £2 daily access fee.
Boris aide: Adding Oyster would boost bike hire usage
Bringing the capital’s bike hire scheme into the Oyster network would boost usage levels by at least 25% according to Boris’s Johnson transport deputy, Isabel Dedring.
Assembly to investigate whether TfL’s sponsorship deals provide value for money
London Assembly members are to examine whether sponsorship of transport services such as the bike hire scheme and cable car delivers value for money to the taxpayer.
Next London bike hire sponsor to pay at least £5.5m per year
Companies are being invited to register their interest in replacing Barclays Bank as sponsors of the capital’s bike hire scheme.
