Great Pressure To Raise Peak Tram Fares: Operator

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2021-06-27 HKT 17:17

Share this story

facebook

  • Great pressure to raise Peak Tram fares: operator

The Peak Tram said on Sunday that it's under immense pressure to raise fares, after it finishes upgrading the service by the end of this year.

Currently, an adult return ticket costs HK$52, with concession fares for children and the elderly at HK$23.

The company said the upgrade costs HK$700 million, with the project involving changes to both the track and the tram system.

Sunday's the last day of service for the fifth generation of the Peak Tram, which has been around for 32 years.

Some visitors spent the day riding the service, saying they want to witness history with their family and friends.

"We took our children here to take pictures, this is our final chance to commemorate the Peak Tram," one father said.

Others said they want the current style of the tram preserved because of its colonial characteristics.

RECENT NEWS

Ant International And Bank Of China Partner To Enhance Cross-Border Payment Connectivity

Ant International and Bank of China (Hong Kong) (“BOCHK”) announced a partnership which leverages BOCHK’s banking... Read more

BitGo Korea Gets Green Light For Virtual Asset Custody, Backed By SK Telecom

BitGo Holdings, Inc. (BitGo) announced that its subsidiary, BitGo Korea, Inc. (BitGo Korea), received its Virtual Asset... Read more

Webinar: When Account Takeover Moves Past Onboarding

Account takeover shows why fraud risk cannot be treated as an onboarding problem. Fraudsters are using stolen credentia... Read more

JCB To Trial Stablecoin Payments In Japan With Digital Garage And Lawson

JCB Co., Ltd. (JCB), Digital Garage, Inc. (Digital Garage), and Lawson, Inc. (Lawson) announced that they have jointly ... Read more

Bonnie Chan To Lead HKEX Until Feb 2030 After Securing Second Term

The HKEX Board of Directors has approved the renewal of the employment contract of Hong Kong Exchanges and Clearing Lim... Read more

Ripple Signs Its First Korean Regional Bank In Cross-Border Remittance Deal

Ripple, a blockchain-based enterprise solutions provider for traditional and digital finance, announced a partnership w... Read more