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Cycle lanes would be nice if they weren't painted on by the most incompetent elected officials possible.
This one in particular continues in between the forward lane and the left turn lane, rather than curving along the left turn lane and then joining up in front of the cars before the traffic lights. It forces vehicles wanting to turn left to drive across the cycle lane, creating a point of intersection between the car and the bicycle.
They might as well just force cyclists to dismount and walk a few metres to the pedestrian crossing.