Helsinki City Board has rejected a proposal to establish a limited liability company for city transport services. The establishment of the proposed company had been investigated by the City of Helsinki municipal enterprise Helsinki City Transport (HKL).
The business activity of the proposed company, to be named Helsingin kaupunkiliikennepalvelut Oy, was to provide services and consulting related to public transport and other sustainable urban transport as a Helsinki City Group company. The company would also have provided services to other municipalities and partners implementing new public transport projects.
Helsinki City Transport (HKL) plans and organizes public transport in Helsinki region. The company provides 370 million journeys annually. HSL’s annual operating income is over EUR 640 million, of which ticket revenue accounts for about EUR 330 million (about 46% in 2016). HSL has 373 employees.