A new operator has been found for the Durie Hill Elevator.
The successful tender was put forward by Whanganui Connection, a new company headed by performer and public transport advocate Anthonie Tonnon.
It will take over from the four generations of one family who have operated the elevator over the past 40 years.
The company will take over the contract of the 102-year-old elevator at the beginning of next month when maintenance work and the construction of a new entrance way is complete.
"Whanganui Connection's goal will be to enhance the Durie Hill elevator's value to Whanganui as a precious but practical means of public transport, as a unique visitor attraction, and as a symbol of our history and innovation in urban planning and public transport," Tonnon said in a statement.