Mayor answers to London
Barclays Cycle sponsorship
Question by Valerie Shawcross
How much money have Barclays actually paid to Transport for London to date in terms of sponsorship for a) the Cycle Superhighways and b) the Barclays Cycle Hire Scheme?
Answer by Boris Johnson (1st Term)
Officers are drafting a response which will be sent shortly.
Written response provided on 5 January 2011:
£3,407,500 has been received by TfL to date, under the sponsorship agreement for Barclays Cycle Superhighways and Barclays Cycle Hire. The full value of the sponsorship is up to £25m, lasting until July 2015.