PORTSMOUTH, N.H. (AP) — Officials in the New Hampshire city of Portsmouth are praising a new bike sharing program after two months of operating.

According to a report by Planning Director Juliet Walker, there were 548 bike rentals in a two-month period following the Zagster bike sharing program's launch on May 3. The Portsmouth Herald reports (http://bit.ly/2fQ433B ) Zagster allows people to rent bikes from kiosks throughout the city.

Walker says Portsmouth pays $54,000 a year to lease 30 bikes and six stations. Zagster returns money from membership fees to the city after deducting a 7 percent processing fee.

The planning director estimates the city could recover "15 to 25 percent of the overall costs of the program."

City Councilor Josh Cyr says he's impressed with the program's activity during its first two months.

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Information from: Portsmouth Herald, http://www.seacoastonline.com