It will be integrated with other modes of transport
The Chennai Corporation will develop a mobile phone app for its cycle sharing system, integrating it with other modes of transport and embedding GPS devices in the 4,976 cycles.
In the first phase, the cycle track network is likely to be launched in 200 stations in areas such as Raja Annamalai Puram, Marina Beach, Teynampet, T.Nagar, Gopalapuram, Egmore, Chetpet and Nungambakkam. “The capital cost for the system is Rs. 44.18 crore. The operational and maintenance cost is Rs. 10 crore per year. The total annual revenue will be Rs. 16 crore per year,” said an official................Read more
Source: The Hindu