Paris’ bike-sharing system “unsustainable” says operator

Buffered Bike Lane with a bike symbol and arrow pointing forward

[NOTE: Streetsblog has a different perspective on this story. They say Velib corporate sponsor JCDecaux is manipulating this story in the media to their benefit. Read more here.]

Over half the original fleet of 15,000 specially made bicycles have disappeared, presumed stolen…vandalism and theft are taking their toll…The company which runs the scheme, JCDecaux, says it can no longer afford to operate the city-wide network.
— The BBC

Paris’ “Velib” bike-sharing system has been heralded as the most successful implementation of its kind in the world. Cities around the globe have pointed to success in Paris in order to justify their own bike-sharing systems. However, an article published Tuesday by the BBC reports that 18 months after its launch, Velib has hit a rough patch:

From the BBC:

“Over half the original fleet of 15,000 specially made bicycles have disappeared, presumed stolen. They have been used 42 million times since their introduction but vandalism and theft are taking their toll.”

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