Norway Today

Since 2016News, finance, culture and everyday life — Norway explained in English.

Ulriksbanen gets Swiss owners

The Swiss company Garaventa enters with at least NOK 40 million to become principal owners of Ulriksbanen in Bergen.

The money will be used, among other things, to increase the capacity of Ulriksbanen, which is overcrowded during the summer. The new cable cars will accommodate 50 passengers, compared to 17 today, writes Bergensavisen.

The plan is to expand the restaurant premises at the top of Ulriken and facilitate far better toilet facilities for both walkers and diners. The new Ulriksbanen will be built from September 1st next year.

Garaventa AG becomes principal owners together with Christian Foss, who is the principal owner of Ulriken Taubaneselskap today. It is not clear how the ownership interests will be distributed in the future.

Garaventa AG is part of the global Doppelmayr Garaventa Group, which is headquartered in Austria. They are the world-leading supplier of cable cars, railroad tracks and ski lifts and have an annual turnover of around 900 million euros. The company also has ownership interests in the cable cars in Loen in Nordfjord.

© NTB Scanpix / #Norway Today

RSS Feed

More on Gambling News

TOPICS: GaraventaNorwayNorway TodaySwissUlriksbanen

More from Finance

All coverage