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. Bike rides now typically cost about 50 cents to $1 for a 30-minute ride.
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