Isle of Man Today have this week reported that the Douglas Bay Horse Tramway posted losses of \u00a3483,299 in 2017 according to figures released after a Freedom of Information request. The large increase in operating costs for 2017 in comparison to previous years is said to be the result of the government purchasing various assets from Douglas Borough Council.<\/p>\n
All in all, during 2017 the running costs of the tramway were \u00a3626,002 with revenue of \u00a3142,703 bringing the total loss of \u00a3483,299. The running costs included capital expenditure (purchase of assets, fixtures and fittings from the council and the overhaul of some of the horse cars), revenue expenditure (rent and payroll) and other expenditure (including the purchase of horses).<\/p>\n
Although this is a large loss it should hopefully not be repeated as there won\u2019t be the need to purchase assets from the council again, although refurbishment of the horse trams is, of course, ongoing.<\/p>\n","protected":false},"excerpt":{"rendered":"
Isle of Man Today have this week reported that the Douglas Bay Horse Tramway posted losses of \u00a3483,299 in 2017 according to figures released after a Freedom of Information request. The large increase in operating costs for 2017 in comparison … Continue reading