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#396972 - 23rd Mar 2010 2:02pm Merseyside Transport 2009/2010
diggingdeeper Offline

Wiki Master

Registered: 9th Jul 2008
Posts: 10796
Loc: Birkenhead
In recent years I have been sceptical about the ways the Ferries have been run, well I now humbly apologise .... look at these figures ....

Mersey Ferries £455,000 PROFIT
Mersey Tunnels £0 Profit
Merseyrail £92,669,000 LOSS

And they keep on talking about closing the ferries?
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#396973 - 23rd Mar 2010 2:05pm Re: Merseyside Transport 2009/2010 [Re: diggingdeeper]
StuyMac Offline

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Registered: 24th Nov 2003
Posts: 12002
Loc: Wirralshire
Are those figures correct think

I find it hard to believe that Merseyrail can continue to operate with nearly a 1 billion pound loss, especially when they where making a profit (which has been getting bigger) in previous years.

What was your source?
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#396981 - 23rd Mar 2010 2:33pm Re: Merseyside Transport 2009/2010 [Re: StuyMac]
diggingdeeper Offline

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Registered: 9th Jul 2008
Posts: 10796
Loc: Birkenhead
They only make a profit (or in this case less loss) when you take into account the massive £88M grant they get. This grant can't be taken into account when working out their true profit.

At one time the local council paid the rail grants but these days it is centralised.

BTW £92M is £0.1B (or £0.0001B in English)

I forgot to put the bus figures above...

MerseyBus £21,015,000 LOSS
_________________________
In a time of universal deceit - telling the truth is a revolutionary act. George Orwell

When the debate is lost, slander becomes the tool of the loser. Socrates

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#396983 - 23rd Mar 2010 2:40pm Re: Merseyside Transport 2009/2010 [Re: diggingdeeper]
StuyMac Offline

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Registered: 24th Nov 2003
Posts: 12002
Loc: Wirralshire
Even so, how can they justify operating at that kind of loss omg
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#396992 - 23rd Mar 2010 2:58pm Re: Merseyside Transport 2009/2010 [Re: StuyMac]
diggingdeeper Offline

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Registered: 9th Jul 2008
Posts: 10796
Loc: Birkenhead
Originally Posted By: StuyMac
Even so, how can they justify operating at that kind of loss omg
Used to really get my wick up when they were threatening the ferries, the ferries loss was a tiny percentage of the trains, just that the trains were disguised by grants.
_________________________
In a time of universal deceit - telling the truth is a revolutionary act. George Orwell

When the debate is lost, slander becomes the tool of the loser. Socrates

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#396993 - 23rd Mar 2010 2:59pm Re: Merseyside Transport 2009/2010 [Re: StuyMac]
MissGuided Offline

Awesome
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Registered: 18th Jul 2008
Posts: 9995
Loc: Back of the wardrobe
This might have something to do with it:

http://www.neptunedevelopments.co.uk/developments/showdevelopment.asp?recordid=30

Quote:
The 11-storey commercial office building will be occupied by the Merseyside Integrated Transport Authority and Merseytravel, following the signing of one of Liverpool’s biggest commercial property deals in years.
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#397110 - 23rd Mar 2010 9:47pm Re: Merseyside Transport 2009/2010 [Re: MissGuided]
jimbob Offline

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Registered: 26th Nov 2008
Posts: 1558
Loc: Birkenhead
its part of the whole public transport system that local busses and train serices are subserdised by goverment grants. If there where no grants there would be no buss and train passes for the over 60s for a start. No cheap fares for school children on school busses, no cheap fares for students and so on. The list is endless
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#397130 - 23rd Mar 2010 11:21pm Re: Merseyside Transport 2009/2010 [Re: jimbob]
diggingdeeper Offline

Wiki Master

Registered: 9th Jul 2008
Posts: 10796
Loc: Birkenhead
The travel concessions are separate to the above figures, the grant towards that from central government was a mere £6.5M out of a cost of £51.5M. Most of the travel concession have to be funded locally which is why many councils were jumping up and down when the government made certain concessions compulsory.

The concept of a train is supposed to be that in hauling a large number of people/weight it should be cheaper than smaller forms of transport. I have no idea where the money goes - the tickets are dear enough but then working out real costs - the tickets should be about 10 times dearer. Something is terribly wrong.
_________________________
In a time of universal deceit - telling the truth is a revolutionary act. George Orwell

When the debate is lost, slander becomes the tool of the loser. Socrates

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#397177 - 24th Mar 2010 9:50am Re: Merseyside Transport 2009/2010 [Re: diggingdeeper]
BandyCoot Offline

Forum Veteran

Registered: 7th Dec 2008
Posts: 5368
Loc: Birkenhead
How come the Tunnels don't make a profit? Find that one hard to believe, it's probably an accounting ploy.
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#403445 - 22nd Apr 2010 6:52pm Re: Merseyside Transport 2009/2010 [Re: BandyCoot]
Nigel Offline

Wise One

Registered: 26th Mar 2010
Posts: 850
Loc: Wirral
Travel line is on 0151 236 7676
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O give thanks unto the LORD; for he is good; for his mercy endureth for ever ...

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#498118 - 5th Apr 2011 10:50pm Re: Merseyside Transport 2009/2010 [Re: diggingdeeper]
diggingdeeper Offline

Wiki Master

Registered: 9th Jul 2008
Posts: 10796
Loc: Birkenhead
Well the Mersey Ferries did it again in 2010/2011

Mersey Ferries £310,000 PROFIT
Mersey Tunnels £0 Profit/Loss
Merseyrail £92,886,000 LOSS
Buses £19,432,000 LOSS
_________________________
In a time of universal deceit - telling the truth is a revolutionary act. George Orwell

When the debate is lost, slander becomes the tool of the loser. Socrates

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#498191 - 6th Apr 2011 8:55am Re: Merseyside Transport 2009/2010 [Re: diggingdeeper]
polo_phil Offline

Forum Master

Registered: 9th Jan 2009
Posts: 3080
Loc: Birkenhead
wow... where does this info come from DD?

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