The Mayor now estimates that the scheme will cost Londoners more than £114 million to deliver.
This is the same man that told the Newsnight mayoral husting:
“Do you want a mayor who breaks his promises or one who keeps them?”
His manifesto said:
“As the scheme in Paris has demonstrated, commercial firms are happy to shoulder the costs of this type of scheme.
The Parisian Velib scheme was launched on July 15th 2007. 10,000 bicycles were introduced to the city with 750 hire points each with 15 or more bikes/spaces. The system is financed and operated by advertising company JCDecaux.”
Instead, Boris Johnson’s incompetence as head of Transport for London has led to tax-payers subsidising Barclays to the tune of £114 million, for what must be one of the largest ever corporate advertising campaigns.
So, the question on 3 May really is whether you want a Mayor who breaks his promises or one who keeps them?