More Boris Bikes as Serco bags £50m expansion contract

Serco Group plc has bagged a £50m contract for the expansion of the “Boris Bike” hire scheme into East and West London.

The expansion will add over 200 new docking stations, 4,500 new docking points, and approximately 2,300 new bikes into the scheme.

Serco will be responsible for the design, installation and operation of the expanded scheme to Tower Hamlets. The company will build a number of new docking stations in West London surrounding the Westfield Shopping Centre, as well as new docking stations at some existing sites.

Speaking about the contract, Chris Hyman, chief executive of Serco Group plc, said: “We are delighted to be expanding our partnership with Transport for London and the service that we will be providing to the city.

“We have made a number of developments to the scheme over the past year and are committed to continually improving the quality of the service that we are providing. This addition further expands the range of transport operations that Serco delivers on behalf of our customers to passengers and users in the UK and internationally.”

The contract that will run until August 2015 is an addition to the existing £140m 6-year contract awarded to Serco in August 2009.

On an average around 25,000 customers use Barclays Cycle Hire each day and the scheme now has over 140,000 registered customers.