There have been calls for Dublin City Council to renegotiate its contract with JC Decaux for the running of Dublinbikes following an announcement of a 40% subscription increase to meet operation costs.
The French company secured an 18-year contract to operate the bike sharing scheme for the local authority and this is due to run until 2027.
Dublin City Council pays €2.4 million for the operation of the scheme and recoups money through membership and rental charges, along with sponsorship from JustEat.
However the council still loses an estimated €200,000 a year. Last week the council announced it was increasing the annual subscription cost from €25 to €35 a year from next month.