1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar

Property News

Rail reforms get underway in NSW

February 01, 2012

People in residential property in New South Wales could soon find that transport is changed for the better as a widespread reform of RailCorp gets underway.

Minister for transport Gladys Berejiklian announced that efforts would be made to ensure that taxpayers are getting value for money, as well as a good service.

"The rail network is the backbone of the public transport system in Sydney, so it's important that RailCorp is set up to deliver efficient, reliable and customer-focused services," she explained.

David Callahan, the former chief executive officer of Sydney Ferries, is behind the reform project, which should also see RailCorp taking a more financially sustainable position.

Statistics show that between 2006-07 and 2010-11, passenger journeys with the company increased by approximately nine per cent, rising from 269 to 294 million per year.

Under the new reforms, policy and planning experts from all the transport agencies will be required to work together as one organisation, which should lead to benefits for customers travelling on the network.

RailCorp is the largest passenger rail network in Australia, boasting 307 CityRail stations, 1,685 carriages and 2,110 kilometres of track.

Last year alone, it is estimated that 294.5 million passenger journeys were taken on the system.
This follows the news that Melbourne's Southbank Depot is to receive a $24 million upgrade, including 50 new low-floor trams.

Related Articles

New Sydney suburb fast tracked for completion

Now could be the perfect time to consider purchasing investment property in Sydney's new ...
read more

NSW mid-coast areas declared natural disaster zones

Residential property dwellers in flood ravaged parts of New South Wales have been given a helping ...
read more

Hospital redevelopment kicks off in Campbelltown

Residential property dwellers in Sydney's south-west region are set to benefit from a ...
read more

Latest Articles

Increased construction figures across New South Wales highlight investment strength

Buyers looking for a great area to consider land investment and property construction in the near ...
read more

Regional Victorian home values increase significantly during last 12 months

Regional Victoria has seen house prices rise again during the last quarter, with new data ...
read more

RP Data: Quarterly rental data highlight slowing capital market

Owners of investment property could be interest to see the latest statistics from RP Data, with the ...
read more