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

  • Quarterhill announces shift in strategy driving revenue growth
    August 11, 2017
    Quarterhill has announced its financial results for the three- and six-month periods ended 30 June 2017, during which it announced a new acquisition-oriented growth strategy and changed the name of the public company to Quarterhill. The company posted revenue of US$18.6 million and adjusted EBITDA of US$4.8 million, Net income was US$3.6 million and cash from operations was US$3.1 million. It also acquired International Road Dynamics (IRD), a highway traffic management technology company specialising in sup
    Read More
  • SkedGo adds Covid alert to MaaS app
    May 12, 2020
    SkedGo’s feature assesses crowd levels to see which routes have fewer people
    Read More
  • Fara keeps data delivery simple
    January 25, 2018
    Simplifying the delivery of data and information gathered by traffic management, ticketing and other systems can improve travel efficiency and the traveller’s experience. Having quantified and analysed the previously unmonitored movement of road vehicles, trains, metros, cyclists and pedestrians, the ITS sector is a prime example of the digital world. Patterns discerned from those previously random happenings enable authorities to design more efficient transport systems, allow transport operators to run
    Read More
  • Transport centres open their doors for NeTC 2017
    March 27, 2017
    Delegates attending National electronic Tolling Conference (NeTC) 2017 in Sydney, 23-25 May, will be provided special access to two of Sydney’s most significant transport centres. Hosted by ITS Australia and themed Converging Smarter Tolling Technologies, NeTC 2017 is supported by Cubic Transportation Systems, Transurban, Kapsch, Q-Free and Roads and Maritime Services. Technical tours to the Sydney Transport Management Centre (TMC) and the new M5 Control room and Southwest motorway tour are confirme
    Read More

Highlighted Content