The new London mass cycle scheme is to offer bike hire prices lower than that of bus and tube fares. The first 30 minutes will be free while up to an hour of bike hire will cost £1.
This compares with the equivalent journey by bus, which would cost £2. The single cash fare for the same journey by underground is £4. Hire fees are based on 30-minute increments with the price increasing the longer you keep the bike. A hire fee for two hours will cost £6 while a 24-hour...
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