Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

£1 subsidy per bike hire trip

12 April 2019
 

Transport for London is continuing to subsidise trips on London’s Santander cycle hire scheme by about £1 per journey. The average income per hire has fallen from £1.12 in 2015/16 to £1.09 in 2017/18, a figure that is not expected to change in 2018/19 and 2019/20. The operating cost per hire was £2.69 in 2015/16 but fell to £2.09 in 2017/18. It is expected to have been £2.13 in 2018/19 but this is forecast to fall to £2.08 in 2019/20. TfL expects...

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