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Old January 18th, 2016, 04:28 PM   #41
hkskyline
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Peak Tram to keep rolling
3 December 2015
The Standard Excerpt

Hong Kong's iconic 127-year-old Peak Tram will continue to roll for another 10 years and will undergo a HK$600 million upgrade. The operating extension was approved by the Executive Council yesterday and will be effective from January 1.

The tram operator, Peak Tramways, is owned and operated by the Hong Kong and Shanghai Hotels " the owner of The Peninsula hotel and other properties.

In return for using government land on which the tracks and stations lie, the company will pay 12 percent of its annual revenue to the government.

In a statement, the government said it is satisfied with the company's safety and service performance and noted the importance of the Peak Tram to the tourism industry.

It hopes the company can continue to maintain the Peak Tram as one of Hong Kong's most valuable tourist spots and says its service will help enhance SAR attractiveness to travelers.

The company had earlier told the Legislative Council that if its license was renewed, it would submit an expansion plan for formal approval.

The plan involves investing about HK$600 million in longer tram cars to increase the passenger capacity from 120 to 200, renovating the tram's Garden Road and Peak stations and installing a new haulage and signalling system. The Peak Tram, linking Garden Road in Admiralty and Victoria Peak via the Mid-Levels, charges HK$83 for a round trip for adults and HK$40 for children and senior citizens.
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Old January 19th, 2016, 03:58 PM   #42
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The Peak in Hong Kong by davejunia, on Flickr
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Old December 25th, 2017, 02:38 AM   #43
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