My colleague Richard Willis has details on his website about this exciting scheme which you can read here: Richard Willis’ cycle scheme article
As he writes, the scheme is in the early stages of development. At last night’s Cabinet meeting the go ahead was given to seek external funding. The scheme will have about 1,000 bikes with the maintenance of the cycles outsourced.
Update: the Reading Post has an article on the Cabinet meeting which you can read here GetReading’s article