Wow that is expensive!

I didn't know a single LGB-car costs that much...
Btw, here in Ghent (Flanders, Belgium) we also still have (modern) cable-cars. Like the LGB one, they get their electrical power from cables above the trail (rails).
Here's a piccie from the cables in front of the medieval castle in the centre of the city. It's an akward view, such cables in front of a castle.