Luas in profit one year ahead of schedule

Dublin’s Luas light rail system made a profit a full year ahead of schedule, making it the only transport network in the country not in need of Government subsidies, it was revealed today.

Carrying around 60,000 people every day during 2005, the Railway Procurement Agency said Luas achieved a financial surplus of €200,000, allowing them to get by without a €2.5m handout from the Department of Transport.