Mayor answers to London

Barclays Cycle Hire Scheme (1)

Question number0798/2012
Meeting date14/03/2012

Question by Caroline Pidgeon

For each phase of the scheme please provide a table which shows:

a) The total cost of each phase

b) How much money TfL contributed

c) How much money Barclays contributed

d) How much money London Boroughs contributed

Answer by Boris Johnson (1st Term)

Cycle Hire scheme, Phase 1 Cycle Hire scheme, Phase 2

Total cost of Cycle Hire scheme implementation £79.6m £40.2m

Barclays sponsorship BarclaysÂ’ 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 boroughsÂ’ 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.

Main question

Caroline Pidgeon