The city's public transit company was founded on 1 September 1897 as Elektrické podniky královského hlavního města Prahy [The Electrical Companies of the Royal Capital City of Prague]. At that time, aside from operating urban mass transit, it was also in the business of generating and distributing electricity. In 1946, after the nationalization of the energy industry and the gradual splitting-off of power stations gas works and waterworks, Prague's City Companies were changed to the Public Transit Companies of the Capital City of Prague. In later years, the company's name, organizational structure and management changed several times. In 1991, the Public Transit Co. was changed to a joint-stock company, whose sole shareholder is the City of Prague.
The Prague Public Transpor Company, a.s. is a shareholder in businesses whose activities are related to transport.
The headquarters of the Prague Public Transport Company, a.s. are located at Sokolovská 42/217 Vysočany, 190 00 Praha 9.
The Prague Public Transport Company, a.s. devotes great attention to inprovining the quality of services, from its offering of tickets, network of sales points and ticket machines, transit timeliness, implementing of public transit preferences, P+R parking options, to overall communication with passengers.
The metro network is the backbone of the entire public transit system, with 61 stations on three lines (A, B and C) with a total length of 65.2 km. In accordance with current trends to also make transit accessible to handicapped individuals, recently commissioned stations are equipped with elevators or barrier-free access. As at 31 December 2013, there were 730 wagons available, based out of three depots: Kačerov, Zličín and Hostivař. Prague's metro uses two main types of wagons, usually connected into trains of five. Model M1 wagons are used on line C and are dispatched from Kačerov Depot. The second model used, on lines A and B, is 81-71M; these wagons are refurbished versions of older Soviet model 81-71 wagons.
The tram network, which as at 31 December 2013 had 142.4 km of track, is served by twenty-two daytime and nine night lines with a total route length of 510,4 km. The Prague Public Transit Co. has 948 operational trams, of which 581 are low-floor models. There are seven tram depots: Hloubětín, Kobylisy, Motol, Pankrác, Strašnice, Vokovice and Žižkov. The tram fleet consists of classical unidirectional model T trams, as well as articulated trams.
The Tram Operations unit also manages operation of the funicular to the top of Petřín Hill and the cable chairlift at the ZOO in Troja. The chairlift at the Zoo is a single-cable circulating fixed-grip chairlift. Its slope length is 105.9 m and its vertical elevation difference is 50.1 m.
As the bus fleet is gradually modernized, the priority is on the purchase of low-floor buses to ensure accessibility for handicapped individuals. Another priority is reduction of emissions through the purchase of low-emission (EEV) motors or the testing of alternative systems of propulsion. To increase cost efficiency, the number of articulated vehicles on high-traffic lines is being increased, and midibus lines are being developed in locations with lower demand or restricted traffic capacity.