The New York City Department of Transportation (DOT), bike share operator New York City Bike Share (NYCBS) today announced that the Citi Bike system will launch in March 2013 with an initial phase of 7,000 bikes implemented at 420 stations. The timeline, agreed to by all parties, does not affect the Citi Bike sponsorship structure, which uses $41 million in private funding from Citi to underwrite the system for five years and ensures that NYCBS will split profits with the City.
“New York City demands a world-class bike share system, and we need to ensure that Citi Bike launches as flawlessly as New Yorkers expect on Day One,” said DOT Commissioner Janette Sadik-Khan. “The enthusiasm for this program continues to grow and we look forward to bringing this affordable new transportation option to New Yorkers without cost to taxpayers.”
“NYCBS continues to be committed to bringing the largest and best solar-powered bike share system in the world to New York City,” said Alison Cohen, President. “We recognize that New Yorkers are eagerly anticipating the launch of the bike share system and we will deliver on that promise.”
NYCBS continues work to conclude manufacture and testing of the high-performance software necessary to operate the new system, which is being tailored for New York City. The system uses new solar power arrays and circuit boards, and engineers will continue to thoroughly test data communications, power management and payment systems to ensure overall system performance. Following the March launch, work will continue to expand the system to 10,000 bikes, covering parts of Manhattan and from Long Island City to parts of Brooklyn.