Fare and taxpayers will be able to better scrutinise Transport for London’s sponsorship agreements after a senior manager announced plans to drop the routine signing of confidentiality clauses. TfL currently has sponsorship agreements in place with Barclays and Emirates for the capital’s cycle hire scheme and cable car. The body has repeatedly hindered scrutiny of […]
Work starts on cycle hire scheme’s south-western expansion
Construction has begun on the south-western expansion of the capital’s cycle hire scheme, with preliminary work underway at a docking station site in Hammersmith. The expansion will add more than 2,000 bicycles and around 250 new docking stations to the scheme which will now serve parts of Wandsworth, Hammersmith & Fulham, Lambeth and Kensington & […]
Boris’s cycle hire scheme to lose £35m over next three years
London’s cycle hire scheme is expected to lose almost £35m over the next three years. Figures provided by Mayor Boris Johnson to London Assembly Member Darren Johnson show the scheme, which was originally promised to be self-funding, will lose £11.6 million in 2013/14. Further losses of £10.7 million are projected in 2014/15, with loses in […]
TfL boss threatens Boris Bikes operator Serco with “significant” fines
Serco, the company which operates London’s bike hire scheme, has been threatened with “significant financial penalties” over empty docking stations. The threat was made on Wednesday by Leon Daniels, Managing Director for Surface Transport at Transport for London. Earlier this week the Evening Standard ran a story asking whether the wheels coming off the Boris […]
Kensington and Chelsea to contribute £400k to Cycle Hire scheme
Developers in the Royal Borough of Kensington and Chelsea are likely to foot the bill for the borough’s £400,000 contribution to Boris Johnson’s flagship cycle hire scheme. The borough is one of five being asked by Transport for London to help fund the loss-making scheme which is projected to cost £225m by 2015/16. So far […]
