Critics of the NSW authorities’s transport entity have been left vindicated after the state’s auditor-general discovered it overly expensive and ineffective.
The NSW authorities shoehorned the rollout of its controversial transport company to match advantages promised in 2015 price range papers, the state’s auditor-general has discovered, rendering a seven-year authorities implementation course of overly expensive, ineffective and opaque.
In a report handed down Tuesday, the NSW authorities was discovered to have dedicated future governments to ongoing monetary obligations when it established the Transport Asset Holding Entity (TAHE) to be able to ship a $1.8 billion sugar hit to the 2015-16 price range, with out certainty it might ship “longer-term monetary enhancements”.
The federal government established TAHE as a state-owned company to handle the state’s numerous transport belongings in 2020, in a bid to maneuver billions of {dollars} in transport prices out of the state price range.
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