NSW government buys Metro Transport Sydney

The New South Wales (NSW) government in Australia has acquired Metro Transport Sydney (MTS), owner of the light rail and monorail, for US$20.6 million. The acquisition will make it easier for the state government to remove the monorail, which is reaching the end of its economic life. The monorail is also not integrated with the wider public transport network in Sydney. The state government will now have greater flexibility in planning future public transport especially the proposed extensions to the light r
March 26, 2012 Read time: 1 min

The New South Wales (NSW) government in Australia has acquired 4280 Metro Transport Sydney (MTS), owner of the light rail and monorail, for US$20.6 million. The acquisition will make it easier for the state government to remove the monorail, which is reaching the end of its economic life. The monorail is also not integrated with the wider public transport network in Sydney. The state government will now have greater flexibility in planning future public transport especially the proposed extensions to the light rail network.

For more information on companies in this article

Related Content

  • Informal transport moves emerging megacities
    August 11, 2020
    If you want to get to work in emerging markets, the chances are you may not be using traditional public transit lines. Devin de Vries of WhereIsMyTransport makes the case for informal networks
    Read More
  • Sydney accelerates 'pop-up' cycleways
    May 19, 2020
    Australia’s largest city, Sydney, is creating six new 'pop-up' cycleways in key commuter areas around the central business district.
    Read More
  • Vix Technology to develop Malaysia’s transit ticketing system
    July 31, 2015
    Australian transportation technology provider Vix Technology has won a US$14 million contract with the Malaysian government to unify payments for the country’s multiple transit operators under a single transport ticketing system. The scope of the deal will see Vix Technology design, install, operate and maintain the transit acquirer system (TAS) and business rules engine (BRE) for the new integrated cashless payment system (ICPS).
    Read More
  • Freeway management for Sydney’s M4
    December 3, 2012
    In a bid to improve Sydney’s roads and congestion, Australia’s Federal and New South Wales governments are to jointly fund a project to equip the full length of the state’s M4 motorway with technology to improve traffic flows and ease congestion along this vital part of Sydney’s road network.The US$17 million project will provide the M4 with an electronic freeway management system consisting of variable speed and message signs, entry ramp signalling, CCTV and digital traveller information signs. Transport m
    Read More

Highlighted Content