Running Cost
For the 18 months of their contract, Serco are being paid £10.7 million to provide the free ferry service. This equates to £7.1 million per year.
In 2003, when the annual running cost of the ferry was around £5 million a year, the effective public subsidy per vehicle crossing was £4.
Read more about this topic: Woolwich Ferry
Famous quotes containing the words running and/or cost:
“Of all the thirty-six alternatives, running away is best.”
—Chinese proverb.
“[M]y conception of liberty does not permit an individual citizen or a group of citizens to commit acts of depredation against nature in such a way as to harm their neighbors and especially to harm the future generations of Americans. If many years ago we had had the necessary knowledge, and especially the necessary willingness on the part of the Federal Government, we would have saved a sum, a sum of money which has cost the taxpayers of America two billion dollars.”
—Franklin D. Roosevelt (1882–1945)