Thane Corporation launches bike sharing service

The Thane Municipal Corporation (TMC), in a public private partnership, flagged off the Thane Public bicycle sharing facility. Under the scheme, which is now operational, TMC will offer 500 cycles on rent for Rs 10/hour at 50 designated stands. The bikes, each costing Rs 5,500, will be tracked via GPS installed by the contractor, said a civic official, adding that any damage to the bike or the user would be recovered through group insurance.