Financial Problems
Since the Central Star Ferry Pier was moved from its old pier next to City Hall to the new location outside International Finance Centre, passager number has fallen drastically to mainly by tourists and a small number of commuters. This has meant the Star Ferry company has lost many millions of dollars since the relocation. Therefore it decided not to re-tender for the loss-making Hung Hom-Central and Hung Hom-Wan Chai routes and will stop operating these routes and the relevant piers at Hung Hom Ferry Pier on 31 March 2011.
Read more about this topic: Star Ferry
Famous quotes containing the words financial and/or problems:
“Creditor. One of a tribe of savages dwelling beyond the Financial Straits and dreaded for their desolating incursions.”
—Ambrose Bierce (1842–1914)
“If we fail to meet our problems here, no one else in the world will do so. If we fail, the heart goes out of progressives throughout the world.”
—Eleanor Roosevelt (1884–1962)