SERCO WINS NEW BORIS BIKE CONTRACT

Support services firm Serco yesterday signed a £50m agreement to support the expansion of TfL’s Barclays Cycle Hire scheme into East London. The contract will run until 2015 and include the design, operation and installation of the scheme in Tower Hamlets, plus new docking stations to serve the Westfield shopping centre in West London.

Serco already holds a £140m contract relating to the scheme, which it won in 2009 ahead of the launch.