London bike hire scheme on road to be only public transport system in profit

TfL expect the project will cover operating costs within three years and will then go on to meet implementation costs

Boris Johnson tries out a bike at the launch of London’s cycle hire scheme, which is on course to make an operating profit. Photograph: Alastair Grant/AP

London’s bike hire scheme is on course to become the only Transport for London (TfL) system to make an operating profit, just 10 weeks after its launch.

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