The acquisition of Metro Transport Sydney by Transport
for NSW heralds a new era for the administration and expansion of
Sydney's light rail system.
On 23 March 2012, Transport for NSW acquired Metro Transport
Sydney Pty Ltd (MTS), the company that owned and operated both the
Sydney Light Rail and Sydney Monorail, for $19.8 million.
The acquisition was a first of its kind for Transport for NSW
and now MTS and its subsidiary companies are under its control and
form part of its portfolio. The Premier Barry O'Farrell and the
Minister for Transport Gladys Berejiklian in March stated that it
was "enabling the efficient delivery of future light rail
extensions and clearing the way for the removal of the monorail to
accommodate the new convention centre at Darling Harbour".
