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London’s 4,000 Boris bikes cost taxpayers £1,400 for each bicycle every year despite sponsorship from Barclays

London’s 4,000 Boris bikes cost taxpayers £1,400 for each bicycle every year despite sponsorship from Barclays

The official London cycle-hire scheme costs taxpayers more than £11million a year, even though Paris makes money from a similar version.

The so-called Boris Bikes were introduced three years ago by London Mayor Boris Johnson, who pledged to bring them in at no cost to the taxpayer through a deal with a private firm.

But figures released yesterday following a Freedom of Information request reveal the scheme’s sponsor, Barclays, pays just a sixth of the cost of keeping the bicycles on the road. Read more

Keith Gladdis | The Daily Mail  | 11th July 2013



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