Montréal - Bixi bike-sharing program posts surplus for the first time
On Tuesday, Bixi announced a surplus of $818,275 in 2014. That period only includes eight months of 2014 since the city bought Bixi out of bankruptcy last April. Of that amount, $460,000 was given back to the city to repay a loan for trucks to transport the bicycles, and the city’s $165,326 startup subsidy was also returned. Read more.