Rail News

DATE

September 14 , 2021


Battle over $40b rail entity left Sydney network on knife edge

The Sydney Morning Herald 
September 6, 2021

(About $40 billion of rail assets including trains are owned by the government’s Transport Asset Holding Entity.)

Sydney’s rail network came within hours of being thrown into disarray last year because of safety concerns and the readiness of a controversial $40 billion corporation that had been set up to artificially inflate the state budget.

The Herald can reveal that an operating licence for the Transport Asset Holding Entity (TAHE) was signed on June 30 last year, a matter of hours before the midnight transfer of $40 billion worth of trains and other public rail assets to the “independent for-profit” corporation devised by Treasury.

Source
https://www.smh.com.au/national/nsw/battle-over-40b-rail-entity-left-sydney-network-on-knife-edge-20210905-p58ow5.html

Recommended for you