Transport for London issues tender to redesign the Santander Boris Bikes

Transport for London is set to redesign the bikes in its cycle hire scheme as part of a tender for the management of project that it estimates could cost as much as £500m.

The London Cycle Hire Scheme, nicknamed Boris Bikes, is now sponsored by Santander which took over from Barclays last year.

Promoting the brief, the online advert is seeking management of operations, maintenance and the provision of spare parts of existing and new bikes.

The 63 month contract comes with an option to extend the agreement for an extra 60 months, with a budget forecast at between £50m and £500m depending on the time period.

The implementation stage is anticipated to be between seven and 10 months.

Other expectations from the contact include the redistribution of the bikes, tagging and tracking, design, build and testing.

Get The Drum Newsletter

Build your marketing knowledge by choosing from daily news bulletins or a weekly special.