TallPaul Wrote:
Am I correct in thinking that since they're lumbered with the joke that is the funicular and the huge debt that goes with it, they're desperate to get as much money as possible to keep up the debt payments?
No chance of reduced tickets because of train debt, even when conditions and uplift would strongly suggest reduced price tickets would be correct?
There isn't and never has been a huge debt on CML from the construction costs of the Funicular. The Funicular was procured by, funded by, built for and owned by HIE, who in turn leases it to the operating company.
CML is not in debt and indeed has generated a £1.5m surplus for HIE since the company was taken into public ownership.