Sydney Ferries service being operated on the Parramatta River by PS "Surprise" from 1831. Cross-harbour services began in 1842 and this business grew to such an extent that a public company was formed, the North Shore Steam Ferry Co. Ltd. in 1878. In 1900, the North Shore company was reincorporated as Sydney Ferries Limited (SFL), which progressively took over most other harbour ferry services (except notably the Manly service operated by the Port Jackson & Manly Steamship Company), and became the world's largest ferry operator by fleet size. After the Sydney Harbour Bridge opened in March 1932, SFL patronage dropped almost overnight,
Sydney Sydney has undergone a rapid economic and social transformation. As a result, the city has become a cosmopolitan melting pot. To relieve congestion on the Sydney Harbour Bridge, the Sydney Harbour Tunnel opened in August 1992. The 2000 Summer Olympics were held in Sydney and became known as the "best Olympic Games ever" by the President of the International Olympic Committee. Sydney has maintained extensive political, economic and cultural influence over Australia as well as international renown in recent decades. Following the Olympics, the city hosted the 2003 Rugby World Cup, the APEC Australia 2007 and Catholic World Youth Day