LTA sells shared bikes for $5 each, donates nearly $30k to charity

The $29,995 collected by the Land Transport Authority from the sale of 5,999 bicycles will be donated to charity. LTA had found these bikes indiscriminately parked or abandoned around Singapore.
The $29,995 collected by the Land Transport Authority from the sale of 5,999 bicycles will be donated to charity. LTA had found these bikes indiscriminately parked or abandoned around Singapore. PHOTO: LAND TRANSPORT AUTHORITY
New: Gift this subscriber-only story to your friends and family

Almost 6,000 shared bikes that were once indiscriminately parked or abandoned around Singapore will have new owners - needy students in Myanmar.

The Land Transport Authority (LTA) has sold 5,999 bikes, at $5 each, to local bike-sharing firm Anywheel, The Straits Times has learnt.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Straits Times on August 15, 2019, with the headline LTA sells shared bikes for $5 each, donates nearly $30k to charity. Subscribe