Minister for Transport Gladys Berejiklian has announced a ‘comprehensive reform’ of RailCorp.
The project follows the recent establishment of Transport for NSW.
“RailCorp runs the nation’s largest passenger rail network and millions of people rely on it to get them where they need to go,” Ms Berejiklian said.
“For too long the travelling public and taxpayers have been let down by an organisation that simply needs to do better. Fares go up and running costs increase but service is not improving at the same rate.
“This reform project is looking at how RailCorp can now get on with its sole task of providing a reliable and efficient transport service for customers,” Ms Berejiklian said.
“Costs are going up at about three times the rate of the increase in passenger journeys.
“Between 2006-07 and 2010-11, operating costs rose by almost 30 per cent, up $588 million to $2.6 billion per year, while passenger journeys rose by about by nine per cent, from 269 to 294 million annually.”
