LTA refunds bicycle-sharing operators more than $570,000 in bid to promote active mobility

Chinese firm Mobike, which has quit the market, received a refund of $375,000 which it paid to operate 25,000 bicycles.
Chinese firm Mobike, which has quit the market, received a refund of $375,000 which it paid to operate 25,000 bicycles.ST PHOTO: KELVIN CHNG

SINGAPORE - Bicycle-sharing operators have received a total of more than $570,000 in refunds from the Land Transport Authority (LTA), after it halved licensing fees in a bid to promote active mobility.

The move was welcomed by companies, which said the savings will be reinvested in their operations that, in turn, could result in cheaper rides.

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