Does the Luas make money?

Does the Luas make money? Dublin's Luas system made a profit of more than €5 million and carried people on 26 million trips last year, the latest figures show. The Rail Procurement Agency (RPA), the body responsible for the two-line Luas system in Dublin and developing other projects, released its annual report yesterday.

Why is it called the Luas?

Introduction. Luas is a public transport tram system that operates in Dublin, Ireland. The name Luas is the Irish word for speed. This tram system connects suburban parts of Dublin on two tramlines, which run through the city centre.

How does the Luas get electricity?

The power supply for Luas is delivered from electrical sub-stations at 750 volts DC via an Overhead Catenary System (OCS). The OCS is supported by poles or anchored to buildings adjacent to the railway. The 750 volt DC supplied to the trams is converted to AC current to power three motorised bogies on each tram.

What is the revenue of the Luas?

NEWLY-filed accounts for the operator of the Luas show that revenue hit €43.5m in 2019 compared to €38.7m in 2018.

Is the Luas profitable?

The figures show people made a total of 26 million journeys on the Luas last year compared to 22.2 million in 2005. The service made a profit of €5.6 million last year, compared with €230,000 in 2005. The RPA's figures show that it received €43.5 million in taxpayers' money in grants.

Is the Luas sustainable?

As a sustainable public transport option, Luas is addressing one of the most pressing environmental concerns worldwide, 'the growing impact of transport on the environment.

How many Luas are there in Ireland?

The Luas network is made up of 2 tram lines, the Luas Red Line 21km long and the Luas Green Line 22km long which interchange in Dublin city centre. The Luas network has 69 stops and a fleet of 73 trams.

Does Irish rail make a profit?

In 2021, IÉ made a tax adjusted trading profit of €0.8m (2020: €4.6m). IÉ utilised previous year's trading losses to shelter this profit.

Does Dublin Bus make money?

Overall, Dublin Bus reported a small pretax loss of €611,000 in 2022, down from a €5.8 million profit in 2021, mostly to do with one-off income related to the writing back of a provision set aside to cover the cost of a contractual dispute that was settled in 2021.

Are trams more sustainable than buses?

80% x 90% gives a drive efficiency of 72% for an electric bus. A tram is effectively plugged into the mains and avoids these storage losses. Trams weigh significantly more than buses. Per passenger, they need more energy to get moving from a standstill.