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Capital Bikeshare’s growth continues, with its fleet of electric vehicles growing by 40 per cent year-over-year.

But in a sign of things to come, the company said Tuesday that it expects the city of Washington to build more than 1,100 miles of new roads this year, more than the 10,000 miles it planned for last year.

Capital Bikethis fleet, including its electric vehicles, is growing at a rate of 40 per per cent.

– Capital Bikes CEO Jeroen Dijkstra says he expects Washington to be the first state in the U.S. to build a billion-dollar electric bike fleet, but he admits that building a mass transit system will take a while.

He said he has no doubt the city will be able to build 1,000 km of new routes over the next two years.

“I think that is very realistic,” Dijkstras said.

“There is an expectation that the [Washington] Metropolitan Area will have an electric bike network that will reach at least 1,400 km.”

The company is now expanding its network of electric bikes in Vancouver, but Dijks says the company has yet to find a site for a new site.

He expects to open a new bike rental shop in downtown Vancouver in the coming weeks.

Dijkstra said the Vancouver expansion is expected to cost the company around $1.5 billion, and he expects the new site to open within two to three years.