Bicycle-sharing scheme to be a PPP project, says LTA, Singapore

The Land Transport Authority (LTA) of Singapore has taken a great initiative and announced bicycle-sharing scheme, this scheduled to be launched by the end of 2017 in the Jurong Lake District, Singapore. This will be a "public-private partnership" initiative project between the Government and the scheme operator. This will call a tender to assign an operator to run the scheme, LTA announced earlier on Thursday, the scheme will give users access to more than 1,000 bicycles and several docking stations throughout the district. “All the capital expenditures like docking stations and bicycles, operating expenses, maintenance costs will be taken care of by the appointed operator” said by an LTA spokesperson in an interview with Channel NewsAsia. LTA speaker also added that, "This will incentivise the operator to be cost-efficient as well as well actively drive ridership through good service standards, smart pricing as well as innovative publicity efforts". When asked about the payments for the grant, LTA said it will depend on the performance of the tender. LTA further disclosed that it took into account overseas bicycle-sharing schemes before selecting the existing operating model. Land Transport Authority representative also said, "Similar bicycle-sharing schemes in Taipei, London and Hangzhou all receive financial support from the government as user revenue alone is insufficient to cover all the costs”.   Source: http://www.ibtimes.sg/