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Bixi Montreal looking to drop prices

Bixi bikes. Mike Armstrong/Global News

MONTREAL – Bixi Montreal is looking to make it a little easier for people who want to get around by bike.

READ MORE: BIXI still rolling in the red

The company has submitted a request to the city of Montreal asking to drop most of its prices to encourage more riders.

The service has been mired in financial difficulties over the last year due to to a lack of transparency and questionable management.

READ MORE: It’s make-or-break for Bixi bike-share service

Bixi is hoping to change the yearly rate to $85, up by $2.50.

READ MORE: Bixi puts forth five-year-plan, but what will city hall say?

Their monthly pass would go down to $30 from $31.25.

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READ MORE: Cost of Montreal’s BIXI bike sharing program still unknown

A 24-hour pass will be $5, after it had been raised to $7 in 2012.

A single fare will be $2.50, down from $2.75.

The company is hoping to raise annual ridership to 4.4 million rides by 2019.

By the end of 2014, it stood at 3.2 million.

The city’s executive committee must approve the new rates before they can be taken into effect.

WATCH: The plight of Bixi in Montreal
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