The Centenary Resignalling Project, incorporating the latest technologies, was brought into use in the Autumn of 1996. Construction work starts at St Enoch Square. Re-opens to the public. Shareholders authorise Directors to close undertaking due to financial situation. Corporation pays Company to keep system going pending completion of negotiations.
Negotiations break down.
Arrangements made for Company and Corporation to run system jointly pending legislation to vest in Corporation. Councillors given demonstration on Car 60. Electrification of whole system authorised. Last cable train runs. System is closed pending repair.