Velib Bike-Sharing Scheme Hits Road Bump in French Capital
Paris’ pioneering Velib bicycle hire service, which has been copied from London to Seattle, has ground to a virtual standstill after the new concession holder failed to install revamped docking stations on schedule. In May 2017, Paris awarded a new contract to the French-Spanish Smovengo consortium to operate its bike-sharing scheme from 2018 to 2032, replacing outdoor advertising group JCDecaux, which had run it since 2007. Under the 700 million euro ($838 million) contract, about half of the new bikes should have become available at the start of 2018, but fewer than 100 out of a planned 1,400 stations opened …