Buy-back of the Regional Intrastate Rail Network

The non-metropolitan intrastate rail network is a significant state asset, particularly for regional communities that rely on it for passenger and freight services. The state granted a 45-year lease on the network to a private company in 1999 as part of broader privatisation reforms in the rail sector.

The audit examined whether the state’s decision to buy back the intrastate rail network was adequately informed and whether the transaction was effectively managed.

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