<p><br /> A cycle hire scheme that more than 9,000 people have already signed up for will be officially launched by London Mayor Boris Johnson later.<br /> </p><p><br /> The Cycle Hire Project will enable people to use bicycles stored at docking points in central London.<br /> </p><p><br /> To begin with, the scheme will be available to those who sign up for membership.<br /> </p><p><br /> They will then receive a key which costs £3, with membership costs at £1 for a 24-hour membership, £5 for seven days and £45 for an annual membership.<br /> </p><p><br /> The first 30 minutes of any journey will be free, and the next 30 minutes will cost £1, with rising costs for journeys of more than one hour.<br /> </p><p><br /> Casual users will be able to hire cycles around four weeks after the launch.<br /> </p><p><br /> The cycles, which will be regularly maintained, will not have locks and they will be the responsibility of the hirer while in their possession.<br /> </p>
