Residents in Muswell Hill are to gain a new transport option after Mayor Boris Johnson announced plans to trial an electric cycle hire scheme in the area. The e-bike trial will be separate but similar to the capital’s existing cycle hire scheme. Unlike conventional bikes, electric cycles include a battery-powered motor which helps the rider […]
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Sainsbury’s joins the list of Cycle Hire funders
An eagle-eyed reader spotted this poster hanging in the window of Sainsbury’s Holborn HQ and flagged it up for further investigation. I like to think I’ve as good a grasp of the Cycle Hire scheme’s complex funding arrangements as anyone, but I admit that the involvement of Sainsbury’s was a revelation to me. Asking around […]
Barclays deducts £1.5m from cycle hire sponsorship
Barclays has deducted more than £1.5m from its sponsorship of the capital’s cycle hire scheme, a new Freedom of Information request has revealed.
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 […]
