The Barclays Cycle Hire bike sharing program debuted in London over the weekend. The system boasts approximately 5,000 bicycles and over 300 docking stations, making it one of the largest in the world (though only a quarter the size of Paris’ Vélib). Charges include an “access fee” of $1.55 per day, $7.80 per week, or $70 per year. In addition to the access fee there is a “usage charge” which begins accruing after the first 30 minutes of use.
Let’s hope the system is successful and that it really benefits the people of London!