Londoners will be able to pick up and drop off one of 6,000 bikes at 400 locations across the capital, Boris Johnson announced today, as he invited companies to register their interest in setting up his cycle-hire scheme.
But the mayor's plan will require the "political buy-in" of all London boroughs, according to a Transport for London study released today.
The mayor has yet to receive the green light from all nine London boroughs and several royal parks in London's central "zone one" area that would host the bikes' so-called docking stations, guardian.co.uk has learned.
The scheme was one of Johnson's manifesto promises and is inspired by the successful Vélib' programme in Paris.
It is expected that an initial 6,000 bikes would prompt around 40,000 extra daily cycle trips in central London by 2010.
The bikes will be kept at docking stations and the design is expected to deter thieves. Renters will have to pay a deposit when they take the bicycles and there is expected to be an annual fee for registration.
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