Jul 17, 9:29 AM EDT

NYC's bike-sharing program delayed

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NEW YORK (AP) -- New York City's bike-sharing program has been delayed.

The "Citi Bike" program had been expected to be launched by the end of July.

The Department of Transportation says it is still working on the launch plan and will update the public as soon as it finalizes all the details.

The program is expected to have 10,000 bikes at 600 docking stations around the city by next year.

People would pay a $95 annual fee to ride the blue, 3-speed bikes.

Short-term users, including tourists, would be able to sign up too.

The program is being sponsored by Citigroup.

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