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FINANCIAL NEWS
Emirates to sponsor new UK cable car in USD55.5m deal
13 Oct 2011
(MENAFN) Emirates’ president, Tim Clark, said that the UAE carrier would sponsor a new cable car system across the Thames River in the UK in a USD55.5 million deal, reported Gulf News.
Clark added that the company signed the agreement with the office of the London Mayor, Boris Johnson, and Transport for London (TfL), moreover, the cable car system, which would be called (Emirates Air Line) would operate between Greenwich Peninsula and the Royal Victoria Docks.
He also said that the needed time for the cable car to cross the river would be around 6 minutes, furthermore, there would be 20 to 34 cabins operating, depending on demand, and each cabin would have the capacity to accommodate 10 seated passengers and to carry around 2,500 people per hour in each direction.
It is worth noting that the cable car system would be expected to complete in 2012, and once fully operational, the cable car would be able to carry 2 million passengers a year.
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