Cost-free bike-sharing is unrealistic, says transport economist

Dockless bike-sharing operators first arrived in Singapore in 2017, but many pulled out after the LTA imposed a licensing scheme in 2018.
Dockless bike-sharing operators first arrived in Singapore in 2017, but many pulled out after the LTA imposed a licensing scheme in 2018.PHOTO: ST FILE

SINGAPORE - The pitfalls of bicycle sharing - which go back more than 50 years - are not exclusive to Singapore.

The hefty losses to vandalism and theft have been well documented in Paris, for example, where 80 per cent of a fleet of 20,600 bicycles had to be replaced within the first year.

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