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

  • The future of ITS post recession
    January 25, 2012
    ACS, A Xerox Company's Cees de Wijs talks about post-recession recovery and what we might expect to see in the coming years
    Read More
  • US economic stimulus package highlights ITS technology
    July 17, 2012
    US Secretary of Transportation Ray LaHood talks to ITS International about economic stimulus funding and the absolute need to maintain and increase the use of technology in transportation. Of the total of $787 billion of funding announced under the American Recovery and Reinvestment Act (ARRA), the economic stimulus package which was signed into law by US President Barack Obama on 17 February 2009, $48.1 billion will go to the US Department of Transportation (USDOT). Of that, $27.5 billion is for highway in
    Read More
  • ACE report: private sector and user-pay for English roads
    May 16, 2018
    It’s one minute to midnight for funding England’s roads, according to a timely new report - and the clock’s big hand is pointing to some form of user-pay solution, reports David Arminas. Is there any way out of future user-pay funding for England’s highway infrastructure? The answer is a resounding ‘no’, according to the recently-published report Funding Roads for the Future. The 25-page document by the London-based Association for Consultancy and Engineering (ACE) calls for a radical rethink about how to
    Read More
  • Australian ITS market ‘worth US$1,130.2 million by 2020’
    July 10, 2015
    According to a new market research report, Australia Intelligent Transport System (ITS) Market by application, system (ATMS, ATIS, ITS - Enabled Transportation Pricing System, APTS and CVO) and Territory (New South Wales, Victoria, Queensland, Western Australia, Rest of Australia) - Forecast to 2020, published by MarketsandMarkets, the Australian intelligent transportation systems market is expected to grow at a CAGR of 14.41 per cent between 2015 and 2020, and reach US$1,130.2 million by 2020. The continuo
    Read More

Highlighted Content