Tram passengers set to break 3 million mark
THE number of passengers travelling on board Edinburgh’s tram line is set to smash the 3 million mark before the end of the year, it has emerged.
It means the network – which launched on May 31 – is far outpacing by a quarter early projections that it would carry 4.5m passengers in year one – creating income of £7.9m.
And new figures also reveal that 3m more journeys were taken on Lothian Buses this year despite fears the tram line would plunder passengers from its more established rival.
But with bosses so far refusing to reveal how many passengers are concessionary fares – such as pensioners who travel free – question marks hang over how much cash the network is generating.
In August, the News revealed how the city is forking out nearly £16,000 a day to cover interest fees on the loan deals signed to deliver the tram project. It means the Capital is being saddled with a £5.8m annual bill to pay off the interest on borrowing for the £776m network before making any dent reimbursing actual loans.