Item - 2024.PA12.8

The Board of Directors of the Toronto Parking Authority:

1. Authorized payment of $9,074,261.95 (excluding HST) for the purchase of new equipment to support the 2025 expansion of Bike Share Toronto, comprising new bicycles, new stations, docks, and ancillary elements from PBSC Urban Solutions Inc.

2. Authorized a 35 percent deposit payment of $3,175,991.68 deposit (excluding HST), in 2024 for the purchase of new equipment to support the 2025 expansion of Bike Share Toronto from PBSC Urban Solutions Inc.  

 The Toronto Bike Share 2022-2025, 4-Year Growth Strategy is founded on four key pillars aimed at providing a sustainable micro-mobility solution across the City of Toronto. This plan includes a significant network expansion - increasing from 625 stations and 7,165 bikes to over 1,000 stations and 10,000 bikes - to provide enhanced access across all 25 wards. The expansion will prioritize neighborhoods where affordable mobility options are most needed, ensuring greater accessibility and convenience citywide. Additionally, the strategy focuses on the electrification of the network through the introduction of E-bike stations and EV charging stations.

The purpose of this report is to obtain authority from the Toronto Parking Authority (TPA) Board of Directors to purchase the equipment needed to finalize the fourth (4) year of Bike Share Toronto’s growth plan, including payment of an advance deposit before the end of 2024, which will secure delivery of the equipment by the second quarter of 2025.

In 2025, Bike Share Toronto will add 180 solar stations, 350 electric charging docks (e-docks), 450 iconic bikes and 300 e-bikes to the system. These investments will grow the current system to 1,042 stations, 1,375 e-docks, and 10,250 bikes, including 7,930 iconic bikes and 2,320 e-bikes. The 2025 planned expansion is reflected in both Toronto Parking Authority's 2025 Annual Operating Plan, and the Toronto Parking Authority's proposed 2025 Operating Budget and 2025 – 2027 Capital Budget.

The total cost to purchase the new equipment is $9,074,261.95 (excluding Harmonized Sales Tax (HST)). 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. Under the terms of this agreement, PBSC requires a deposit of 35 percent or $3,175,991.68 (excluding HST) which is included in Toronto Parking Authority's submission for the 2025 – 2027 Capital Budget.