These financial reports are only from eight months of operation; Montreal bought Bixi out of bankruptcy in April of that year. Bixi in Montreal was operated by Public Bike System Company from 2009-2014.
Elaine Farley, the president of Bixi’s administrative board, told media that she was pleased with these results in a “transitional year.” Many statistics on Bixi utilization are showing increased use of the bike share service.
The Gazette report also mentions a $2.9 million annual contribution made by Montreal toward Bixi and promised until 2019. Based on projections on $4 million in subscriptions on top of the $2.9 million from the city, Bixi expects to break even in 2015.
Read the Gazette article here.