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Joined: Jul 2008
Posts: 14,350 Likes: 20
Wiki Master
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OP
Wiki Master
Joined: Jul 2008
Posts: 14,350 Likes: 20 |
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?
We don't do charity in Germany, we pay taxes. Charity is a failure of governments' responsibilities - Henning Wehn https://ddue.uk
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Joined: Nov 2003
Posts: 12,002
Wiki Master
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Wiki Master
Joined: Nov 2003
Posts: 12,002 |
Are those figures correct  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?
What If There Were No Hypothetical Questions?
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Joined: Jul 2008
Posts: 14,350 Likes: 20
Wiki Master
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OP
Wiki Master
Joined: Jul 2008
Posts: 14,350 Likes: 20 |
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
We don't do charity in Germany, we pay taxes. Charity is a failure of governments' responsibilities - Henning Wehn https://ddue.uk
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Joined: Nov 2003
Posts: 12,002
Wiki Master
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Wiki Master
Joined: Nov 2003
Posts: 12,002 |
Even so, how can they justify operating at that kind of loss 
What If There Were No Hypothetical Questions?
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Joined: Jul 2008
Posts: 14,350 Likes: 20
Wiki Master
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OP
Wiki Master
Joined: Jul 2008
Posts: 14,350 Likes: 20 |
Even so, how can they justify operating at that kind of loss 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.
We don't do charity in Germany, we pay taxes. Charity is a failure of governments' responsibilities - Henning Wehn https://ddue.uk
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Joined: Jul 2008
Posts: 10,000
Awesome Wiki Master
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Awesome Wiki Master
Joined: Jul 2008
Posts: 10,000 |
This might have something to do with it: http://www.neptunedevelopments.co.uk/developments/showdevelopment.asp?recordid=30The 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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Joined: Nov 2008
Posts: 1,641
Forum Addict
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Forum Addict
Joined: Nov 2008
Posts: 1,641 |
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
Ships that pass in the night, seldom seen and soon forgoten
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Joined: Jul 2008
Posts: 14,350 Likes: 20
Wiki Master
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OP
Wiki Master
Joined: Jul 2008
Posts: 14,350 Likes: 20 |
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.
We don't do charity in Germany, we pay taxes. Charity is a failure of governments' responsibilities - Henning Wehn https://ddue.uk
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Joined: Dec 2008
Posts: 5,444
Forum Veteran
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Forum Veteran
Joined: Dec 2008
Posts: 5,444 |
How come the Tunnels don't make a profit? Find that one hard to believe, it's probably an accounting ploy.
Birkenhead........ God's own Room 101.
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Joined: Mar 2010
Posts: 852
Wise One
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Wise One
Joined: Mar 2010
Posts: 852 |
Travel line is on 0151 236 7676
O give thanks unto the LORD; for he is good; for his mercy endureth for ever ...
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Joined: Jul 2008
Posts: 14,350 Likes: 20
Wiki Master
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OP
Wiki Master
Joined: Jul 2008
Posts: 14,350 Likes: 20 |
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
We don't do charity in Germany, we pay taxes. Charity is a failure of governments' responsibilities - Henning Wehn https://ddue.uk
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Joined: Jan 2009
Posts: 3,082
Forum Master
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Forum Master
Joined: Jan 2009
Posts: 3,082 |
wow... where does this info come from DD?
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