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