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Peak Tramways Co Ltd gets Peak Tram operating rights until 31-Dec-2035
HK Government, 10-Oct-2018
The firm is owned by HK & Shanghai Hotels (0045). There does not appear to have been any tender for the contract. This extension is granted less than 3 years after the last 10-year extension was granted on 2-Dec-2015, just 29 days before expiry. The company will now build a "temperature-controlled queuing and waiting area" for 1300 passengers at the lower terminus, and increase the capacity from 120 to 210 passengers per trip.