It was built in 1976 by the swiss company Vonroll. It originally was built as a temporary transportation solution as the subway to the island was being renovated. As the subway project ran behind schedule, the "Tram" became more popular and was converted into a permanent facility.
It has carry since over 20 million passengers. It travels a distance of 3,100 feet (one km) at an average speed of 16 mph (28 km/h) in 4 1/2 minutes.