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

  • Cubic and Transport for New South Wales trial open payment technology in Australia
    July 10, 2017
    Transport for New South Wales (TfNSW), Australia and Cubic Transportation Systems (CTS) are to trial contactless ‘pay as you go’ bank card technology on Sydney’s popular Manly Ferry service. The technology will operate in tandem with the Opal card system.
    Read More
  • EU releases first transport infrastructure funds
    April 8, 2014
    Following its decision in March to make the first US$16.4 billion tranche of funding available for trans-European transport network projects, the European commission has now adopted the first work programmes within this framework: a multi-annual work programme covering larger projects with a total budget of US$15.1 billion and an annual work programme for 2014 addressing smaller projects with a budget of US1.3 billion. The funding priorities set out in these programmes include: The closing of missing lin
    Read More
  • ITF diagnoses South Asia’s breathing difficulties
    August 26, 2022
    One of the world’s fastest-growing regions faces major transport sector decisions if it is to avoid spiralling emissions problems in coming decades. Alan Dron takes a look at a new report on Asia from the International Transport Forum
    Read More
  • Apple co-founder to headline Future Transport Summit 2016
    February 29, 2016
    The New South Wales (NSW) Government’s two-day Future Transport summit, to be held in Sydney on 18-19 April, will be headlined by Apple co-founder Steve Wozniak, Minister for Transport and Infrastructure Andrew Constance has announced. The technology summit aims to help uncover the next big ideas set to transform the transport system; Constance said the future is clearly being driven by technology and the government is not prepared to sit around waiting to see what that means for transport customers.
    Read More

Highlighted Content