Barclays Cycle Hire Scheme (1)

Meeting: 
MQT on 2012-03-14
Session date: 
March 14, 2012
Reference: 
2012/0798
Question By: 
Caroline Pidgeon
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor

Question

For each phase of the scheme please provide a table which shows:a) The total cost of each phaseb) How much money TfL contributedc) How much money Barclays contributed d) How much money London Boroughs contributed

Answer

Answer for Barclays Cycle Hire Scheme (1)

Answer for Barclays Cycle Hire Scheme (1)

Answered By: 
The Mayor

 

Cycle Hire scheme, Phase 1

Cycle Hire scheme, Phase 2

Total cost   of Cycle Hire scheme implementation

£79.6m

£40.2m

Barclays   sponsorship

Barclays’ sponsorship is worth up to £50m to   2018. We are unable to disclose the profile and detail behind individual   payments due to commercial confidentiality.

London   boroughs’ contribution

None

£2m from Tower Hamlets (of which £0.5m from Olympic Park Transport and   Environmental Management Scheme (OPTEMS)

 

TfL   contribution

TfL has contributed the remainder of the total.

TfL has contributed the remainder of the total.