By Richard Peace
The financial state of Madrid’s public hire electric bike scheme appear to be reaching a crisis point and has become a political battleground as plans for the scheme’s expansion appear to be stalled.
In late 2015 the Bonopark, the company running the scheme on behalf of Madrid City Hall, issued a request for 3.6 million Euros in order to avoid bankruptcy.
It certainly appears that Bonopark has been struggling to meet its contractual obligations to City Hall. [Read more…]