Item - 2022.PA28.7

The Board of Directors, Toronto Parking Authority:

1.  Authorized the purchase of new equipment to support year one (2022) of the four (4)-year phased expansion plan of the Bike Share Toronto system,  comprising new bicycles, new stations, docks, and ancillary elements from PBSC Urban Solutions Inc., pursuant to the terms and conditions of the Equipment Supply Agreement dated March 22, 2016 between the Toronto Parking Authority and PBSC Urban Solutions Inc., in the amount of $3,038,726, excluding Harmonized Sales Tax.

Bike Share Toronto is a central component of Toronto Parking Authority’s transformation into a mobility provider. As outlined in Toronto Parking Authority’s 2022 Operating Plan, accelerating Bike Share’s growth and role as an integral part of Toronto’s mobility network is a strategic priority for the Toronto Parking Authority.

Over the next four (4) years, Toronto Parking Authority will expand the reach and accessibility of the Bike Share program to all of the City’s 25 wards, and increase the size of its e-bike fleet. The purpose of this report is to seek Toronto Parking Authority Board of Directors authority to purchase $3,038,726 of equipment in 2022 to support the first-year expansion of Bike Share Toronto’s Four-Year Growth Plan.

The purchase will include new system equipment, including supply, delivery, and installation of approximately 225 E-FIT pedal assist bikes, 100 Iconic bicycles, eight (8) e-charging stations, 35 solar paneled stations and ancillary elements. The equipment will be purchased from PBSC Urban Solutions Inc. (PBSC), pursuant to the terms and conditions of Toronto Parking Authority’s Equipment Supply Agreement with PBSC.