HomeRail NewsEdinburgh trams turn a profit two years ahead of schedule

Edinburgh trams turn a profit two years ahead of schedule

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Rising passenger numbers and additional services have helped Edinburgh trams return an operating profit two years ahead of schedule.

The network opened to the public in May, 2014, but it was not expected to achieve a profit until 2018.

Results published in June show that the network achieved a pre-tax profit of £252,000 in its latest accounts but it was forecast to make a £170,000 pre-tax loss by December 2016.

Edinburgh Trams’ managing director Lea Harrison said, ‘Over the past year we’ve seen patronage increase by 10 per cent and revenue rise by 12 per cent.

‘These encouraging figures have been driven by our move to increase the frequency of trams combined with our ongoing commitment to exceptional service.

‘We’ve recorded industry-leading levels of customer satisfaction and exceeded the expectations of the initial business model, but we’re not about to become complacent.

‘We’ll continue our efforts to further improve services and strengthen the tram’s position at the heart of the city’s transport network.’

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