The centre reversible lane on Jarvis Street will open to vehicle traffic on Saturday, less than a week after the city removed bike lanes on the busy stretch.

The lane will be activated at 9 a.m. Saturday and will operate in a northbound direction between 3:45 p.m. and 6:30 p.m. Monday to Friday between Queen and Isabella streets. It will be open to southbound traffic at all other times.

“Congestion costs Toronto’s economy billions of dollars every year,” Mayor Rob Ford said in a statement Friday. “Jarvis is a key arterial route. Returning it to full capacity will help us fight gridlock.”

Pay parking will also be re-introduced on the west side of Jarvis.

A small group of protesters was there to greet a city truck erasing the bike lane lines on Monday and Tuesday.

The Jarvis bike lanes were installed in July 2010 at a cost of $86,000. It cost approximately $300,000 to remove them and re-install the centre lane.

A city report released in June 2011 showed the number of cyclists on Jarvis nearly tripled — from 290 to 890 riders. The same report showed the number of motorists on the street remained stable at 13,000.

City staff said the bike lanes had increased travel times for drivers on Jarvis by about two minutes in both directions during the morning rush, and by three to four minutes during the evening rush.

Council voted 24-19 to remove the bike lanes on Oct. 2, 2012. The lanes weren’t supposed to be removed until separated lanes for cyclists were installed on Sherbourne Street between King and Bloor streets. Construction is still being done on that project, which is expected to finish by the end of November.

An extension of the Sherbourne bike lanes to Front Street has been deferred until 2014.

With files from Erin Criger and Michael Talbot