Taxi Driver Online :: View topic - No S*** Sherlock..run at a loss you say!!

The council has confirmed it will absorb any losses if the trams do not perform as well as expected.

bloodnock wrote:

The council has confirmed it will absorb any losses if the trams do not perform as well as expected.

Well considering the article states they will run at an operating loss for quite some time I wonder who the council will pass these losses on to??

How are they meant to run with all that traffic chaos happening up there, then competition from the other bus services, all it would take is for a few busses or lorries who cannot drive at the side of the road to block the line and then the tram would have to crawl along

I wonder if Jasbar will get in front of one, with a sign saying i want my own plate :lol:

Just a thought, will they have to scrap the bus lanes along the rout???

Edinburgh trams expected to run at operating loss,
Trams are due to return to Edinburgh next year

Edinburgh's trams will run at an operating loss over the next 15 years, according to the council's first full financial projections for the scheme.

The £776m project is due to begin running in July next year.

A report to councillors said the trams would need an initial start-up loan of up to £3m.

The council expects to receive £51m in payments and dividends over 15 years. However, it will pay out £85m in maintenance and refurbishment costs.

Lothian Buses is expected to generate a £33m dividend for the council over the same period.

However, when the costs of the tram scheme are included, the profit drops to £5m.
Financial risk

The council has confirmed it will absorb any losses if the trams do not perform as well as expected.

A spokeswoman for the council said: "The council would carry the financial risk on that."

Lesley Hinds, Edinburgh City Council's transport convener, added: "Although the arrangements are still in draft form, we'll ensure that any dividend drawn from income will go back into Edinburgh's transport system and that there will be no financial impact on the city's bus service.

"We'll ensure that ticketing and timetabling are fully integrated across bus and tram and I'm determined that all modes of transport in Edinburgh are considered as we develop our approach."

Professor Richard Kerley, Queen Margaret University's local government finance expert, said: "I am slightly surprised that the projected figures for cash transfers and dividends are so firm when you don't have tram lines up and running yet."

It was originally intended that the trams would run from Edinburgh Airport to Newhaven in the north, at a cost of £545m.

They will now terminate in York Place in the city centre, with the project costing £776m

I think anyone from anywhere would have could have told them that.. :roll:

I wonder if Jasbar will get in front of one, with a sign saying i want my own plate :lol:

Just a thought, will they have to scrap the bus lanes along the rout???

bloodnock wrote:

Well, I did, many times.

I said at the outset that the trams were always going to be a subsidy junky. When truncated to stop at York Place, it only made it even more certain that they would run at a profit.

Will the council scrap the excellent, and popular, airport bus service, to force more to use the trams?

Author:	bloodnock [ Sat Jun 22, 2013 11:15 am ]
Post subject:	No S* Sherlock..run at a loss you say!!**
Edinburgh trams expected to run at operating loss, Trams are due to return to Edinburgh next year Edinburgh's trams will run at an operating loss over the next 15 years, according to the council's first full financial projections for the scheme. The £776m project is due to begin running in July next year. A report to councillors said the trams would need an initial start-up loan of up to £3m. The council expects to receive £51m in payments and dividends over 15 years. However, it will pay out £85m in maintenance and refurbishment costs. Lothian Buses is expected to generate a £33m dividend for the council over the same period. However, when the costs of the tram scheme are included, the profit drops to £5m. Financial risk The council has confirmed it will absorb any losses if the trams do not perform as well as expected. A spokeswoman for the council said: "The council would carry the financial risk on that." Lesley Hinds, Edinburgh City Council's transport convener, added: "Although the arrangements are still in draft form, we'll ensure that any dividend drawn from income will go back into Edinburgh's transport system and that there will be no financial impact on the city's bus service. "We'll ensure that ticketing and timetabling are fully integrated across bus and tram and I'm determined that all modes of transport in Edinburgh are considered as we develop our approach." Professor Richard Kerley, Queen Margaret University's local government finance expert, said: "I am slightly surprised that the projected figures for cash transfers and dividends are so firm when you don't have tram lines up and running yet." It was originally intended that the trams would run from Edinburgh Airport to Newhaven in the north, at a cost of £545m. They will now terminate in York Place in the city centre, with the project costing £776m I think anyone from anywhere would have could have told them that..

Author:	Kaiser Soze [ Sat Jun 22, 2013 11:51 am ]
Post subject:	Re: No S* Sherlock..run at a loss you say!!**
An absolute disgrace of a project!!

Author:	Artur and molshy [ Sat Jun 22, 2013 12:19 pm ]
Post subject:	Re: No S* Sherlock..run at a loss you say!!**
bloodnock wrote: The council has confirmed it will absorb any losses if the trams do not perform as well as expected. Well considering the article states they will run at an operating loss for quite some time I wonder who the council will pass these losses on to??

Author:	skippy41 [ Sat Jun 22, 2013 12:23 pm ]
Post subject:	Re: No S* Sherlock..run at a loss you say!!**
How are they meant to run with all that traffic chaos happening up there, then competition from the other bus services, all it would take is for a few busses or lorries who cannot drive at the side of the road to block the line and then the tram would have to crawl along

Author:	bloodnock [ Sat Jun 22, 2013 12:47 pm ]
Post subject:	Re: No S* Sherlock..run at a loss you say!!**
Artur and molshy wrote: bloodnock wrote: The council has confirmed it will absorb any losses if the trams do not perform as well as expected. Well considering the article states they will run at an operating loss for quite some time I wonder who the council will pass these losses on to??

Taxi Driver Online http://www.taxi-driver.co.uk/phpBB2/

No S*** Sherlock..run at a loss you say!! http://www.taxi-driver.co.uk/phpBB2/viewtopic.php?f=2&t=22537	Page 1 of 1

Author:	bloodnock [ Sat Jun 22, 2013 12:48 pm ]
Post subject:	Re: No S* Sherlock..run at a loss you say!!**
skippy41 wrote: How are they meant to run with all that traffic chaos happening up there, then competition from the other bus services, all it would take is for a few busses or lorries who cannot drive at the side of the road to block the line and then the tram would have to crawl along Nice..

Author:	skippy41 [ Sat Jun 22, 2013 5:59 pm ]
Post subject:	Re: No S* Sherlock..run at a loss you say!!**
I wonder if Jasbar will get in front of one, with a sign saying i want my own plate Just a thought, will they have to scrap the bus lanes along the rout???

Author:	Artur and molshy [ Sun Jun 23, 2013 7:38 am ]
Post subject:	Re: No S* Sherlock..run at a loss you say!!**
skippy41 wrote: I wonder if Jasbar will get in front of one, with a sign saying i want my own plate Just a thought, will they have to scrap the bus lanes along the rout??? Skippy you're a genius! Jizzy i'm not sure you'll get your own tram but they might let you drive one! We need a people person such as yourself giving tourists a fantastic first impression. Come on Jizzy a new dawn awaits! I'm excited for you.....

Author:	Jasbar [ Sun Jun 23, 2013 10:04 am ]
Post subject:	Re: No S* Sherlock..run at a loss you say!!**
bloodnock wrote: Edinburgh trams expected to run at operating loss, Trams are due to return to Edinburgh next year Edinburgh's trams will run at an operating loss over the next 15 years, according to the council's first full financial projections for the scheme. The £776m project is due to begin running in July next year. A report to councillors said the trams would need an initial start-up loan of up to £3m. The council expects to receive £51m in payments and dividends over 15 years. However, it will pay out £85m in maintenance and refurbishment costs. Lothian Buses is expected to generate a £33m dividend for the council over the same period. However, when the costs of the tram scheme are included, the profit drops to £5m. Financial risk The council has confirmed it will absorb any losses if the trams do not perform as well as expected. A spokeswoman for the council said: "The council would carry the financial risk on that." Lesley Hinds, Edinburgh City Council's transport convener, added: "Although the arrangements are still in draft form, we'll ensure that any dividend drawn from income will go back into Edinburgh's transport system and that there will be no financial impact on the city's bus service. "We'll ensure that ticketing and timetabling are fully integrated across bus and tram and I'm determined that all modes of transport in Edinburgh are considered as we develop our approach." Professor Richard Kerley, Queen Margaret University's local government finance expert, said: "I am slightly surprised that the projected figures for cash transfers and dividends are so firm when you don't have tram lines up and running yet." It was originally intended that the trams would run from Edinburgh Airport to Newhaven in the north, at a cost of £545m. They will now terminate in York Place in the city centre, with the project costing £776m I think anyone from anywhere would have could have told them that.. Well, I did, many times. I said at the outset that the trams were always going to be a subsidy junky. When truncated to stop at York Place, it only made it even more certain that they would run at a profit. Will the council scrap the excellent, and popular, airport bus service, to force more to use the trams?

Author:	Jasbar [ Sun Jun 23, 2013 10:06 am ]
Post subject:	Re: No S* Sherlock..run at a loss you say!!**
skippy41 wrote: I wonder if Jasbar will get in front of one, with a sign saying i want my own plate Just a thought, will they have to scrap the bus lanes along the rout??? Naw, I'll just hang a skippy41 sign around my neck and call out in traditional Town Crier fashion how happy I am to be a cabbniggr. PRATT!

Author:	bloodnock [ Sun Jun 23, 2013 11:11 am ]
Post subject:	Re: No S* Sherlock..run at a loss you say!!**
Jasbar wrote: bloodnock wrote: Edinburgh trams expected to run at operating loss, Trams are due to return to Edinburgh next year Edinburgh's trams will run at an operating loss over the next 15 years, according to the council's first full financial projections for the scheme. The £776m project is due to begin running in July next year. A report to councillors said the trams would need an initial start-up loan of up to £3m. The council expects to receive £51m in payments and dividends over 15 years. However, it will pay out £85m in maintenance and refurbishment costs. Lothian Buses is expected to generate a £33m dividend for the council over the same period. However, when the costs of the tram scheme are included, the profit drops to £5m. Financial risk The council has confirmed it will absorb any losses if the trams do not perform as well as expected. A spokeswoman for the council said: "The council would carry the financial risk on that." Lesley Hinds, Edinburgh City Council's transport convener, added: "Although the arrangements are still in draft form, we'll ensure that any dividend drawn from income will go back into Edinburgh's transport system and that there will be no financial impact on the city's bus service. "We'll ensure that ticketing and timetabling are fully integrated across bus and tram and I'm determined that all modes of transport in Edinburgh are considered as we develop our approach." Professor Richard Kerley, Queen Margaret University's local government finance expert, said: "I am slightly surprised that the projected figures for cash transfers and dividends are so firm when you don't have tram lines up and running yet." It was originally intended that the trams would run from Edinburgh Airport to Newhaven in the north, at a cost of £545m. They will now terminate in York Place in the city centre, with the project costing £776m I think anyone from anywhere would have could have told them that.. Well, I did, many times. I said at the outset that the trams were always going to be a subsidy junky. When truncated to stop at York Place, it only made it even more certain that they would run at a profit. Will the council scrap the excellent, and popular, airport bus service, to force more to use the trams? Who's baby was this anyway, was it The Edinburgh Council or the then Labour led Scottish governments?

Page 1 of 1	All times are UTC [ DST ]
Powered by phpBB® Forum Software © phpBB Group http://www.phpbb.com/