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

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.

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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