An update on the Sydney Metro’s future and a reminder that the NSW Liberal Government still has no plan for how to fix the Sydney metro’s broken and dysfunctional funding system.
Posted September 28, 2019 16:23:22 It’s not just the NSW Government who are not taking the metro seriously.
A report by Melbourne Metro Rail and the NSW Transport Minister says there are still no plans for how the metro should operate.
Melbourne Metro Rail chairman David Charnley said the Metro is struggling to fund itself.
“There’s a lot of people who don’t feel they’re being listened to, that’s true across the board, and they don’t trust the Government,” he said.
Mr Charnling said he was not surprised by the findings but said Metro would continue to do everything it can to keep the Metro going.
Metro chief executive Brian MacQuarrie said Metro was confident the Metro would operate at peak times, but needed to find a way to sustain that performance.
The Metro has just over 4,000 registered passengers, compared to Melbourne’s estimated 15,000 and Canberra’s 4,200.
He said Metro is working on new fare structures, including the introduction of a credit card-based payment option.
But it will not be able to meet the needs of those with a high credit card debt burden, which currently stands at $3.3 billion.
And it has yet to find the money to fund new trains or other services, Mr MacQuary said.
Mr Chordley said Metro’s financial challenges had become a serious issue in the last 12 months.
While Metro was facing significant challenges, he was confident Metro would still be able meet its financial obligations in the coming years.
It had also managed to secure more than $1 billion in funding from the Government.
What do you think?
Should Metro go to a card-less payment system?
Should the Metro continue to operate with a credit system?
Will Metro have to make changes to its operating model in order to stay in the Metro’s good books?