Cycle hire expenditure

Meeting: 
MQT on 2012-03-14
Session date: 
March 14, 2012
Reference: 
2012/1028
Question By: 
Jenny Jones
Organisation: 
City Hall Greens
Asked Of: 
The Mayor

Question

How much money will have been spent on cycle hire in 2009/10, 2010/11 and 2011/12, and how much are you expecting to spend in 2012/13? Can you provide a breakdown by Transport for London funding, local authority funding (including contributions from developers), income generated from membership and ridership, and monies from sponsorship?

Answer

Answer for Cycle hire expenditure

Answer for Cycle hire expenditure

Answered By: 
The Mayor

(Written answer provided on 3 April 2012.)

Breakdown of Cycle Hire expenditure 2008/9 2009/10 2010/11 2011/12 (forecast) 2012/13 Business Plan CHS cost (Implementation and Operations) £0.9m £16.9m £67.3m £58.1m £35.8m Income (membership and ridership) (£2.4m) (£6.5m) (£11.7m) Local Authority funding (inc. contributions from developers (£5.9m) (£0.5m) Sponsorship Unable to disclose due to commercial confidentiality, though the agreement as a whole is valued at up to £50m for the term of the contract.