RailCorp facts for kids
|State-owned corporation overview|
|Formed||1 January 2004|
|Jurisdiction||New South Wales|
|State-owned corporation executive||
Rail Corporation New South Wales (RailCorp) is a State-owned corporation of the State of New South Wales established under the Transport Administration Act 1988 in 2004. From 2004 until 2013, RailCorp operated passenger train services in New South Wales and maintained rail infrastructure within the New South Wales Metropolitan Rail Area. From 2013, operation and maintenance functions were transferred to the new Sydney Trains and NSW TrainLink agencies, leaving RailCorp as the legal owner of a portfolio of $28.6 billion of railway property, mostly within metropolitan area. Other functions include network access, leasing and managing the NSW Government's contract with Airport Link Company. The acting chief executive of RailCorp is Sydney Trains chief executive Howard Collins.
In January 2004, after much criticism and public perceptions of blame shifting between units of the State Rail Authority for operational failings, RailCorp was formed taking over the passenger train operations of CityRail and CountryLink, and responsibility for maintaining the greater metropolitan network from the Rail Infrastructure Corporation.
Initially governed by a Board of Directors as a State owned corporation, RailCorp was reconstituted as a statutory authority on 1 January 2009. Changes to the Transport Administration Act, 1988 (NSW) resulted in abolition of the Board effective 1 July 2010 and the repositioning of RailCorp as an entity under Transport NSW. This was followed by further structural changes under the Transport Legislation Amendment Act 2011, which saw Transport NSW replaced by Transport for NSW, which was established as a controlled entity of the Department of Transport, with Rail Corporation New South Wales a controlled entity of Transport for NSW. RailCorp reports to the Minister for Transport.
In May 2012 the Minister for Transport announced a restructure of RailCorp from July 2013 that would:
- establish Sydney Trains to operate services in the Sydney Metropolitan area bounded by Berowra, Richmond, Emu Plains, Macarthur and Waterfall
- establish NSW TrainLink to operate all other passenger services including those of CountryLink
- transfer capital projects and planning functions to Transport for New South Wales
- establish Transport Cleaning Services, a specialist division responsible for train cleaning
- establish a customer service division
- reduce RailCorp's function to asset owner
- offer voluntary redundancies to 750 management and support staff
RailCorp Facts for Kids. Kiddle Encyclopedia.