The state government is moving quickly to shake up a state corporation that owns billions of dollars worth of the state’s rail assets.
The government is fast-tracking a promised overhaul of the scandal-ridden Transport Asset Holding Entity to remove its for-profit status.
However, Treasurer Daniel Mookhey said that altering TAHE from a state-owned corporation into a non-commercial one would eliminate the need to shift billions of dollars between different government bodies. “We have had to do this [TAHE transition] a little faster than we perhaps thought we needed to because we were advised an additional $615 million was required,” Mookhey said.TAHE owns significant assets in NSW, including railway tracks, trains, stations, and extensive land holdings including retail spaces.
that would involve constructing towers up to 34 storeys and plazas on a massive deck built over rail lines.more than a year ago revealed it had plans to sell land at Wolli Creek, Hurstville and Redfern, while it was eyeing sites at Parramatta, Granville, Newtown, Dundas and Glendale for development in the longer term.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Woolies’ $500m media cash cow at risk in privacy crackdownThe supermarket giants are growing their high-margin media businesses, banking more than $600m a year so far. But a privacy law review is putting that at risk.
Read more »
Icac begins investigation into former NSW Labor state minister Tim CrakanthorpDocuments released to parliament by Icac commissioner John Hatzistergos confirm the corruption watchdog is conducting a preliminary investigation
Read more »
State and federal governments need to ‘work together’ to solve nation’s housing crisisIndependent MP Dai Le says state and federal governments need to work together to solve the nation's housing affordability crisis. 'Housing has been a huge issue … and I've been raising this issue from the start,' Ms Le told Sky News Australia. “We really need to address that by actually getting people, state government as well as local councils and federal government to work together.”
Read more »
China plans to broaden iPhone ban to state-run companiesForeign devices have long been discouraged in sensitive agencies in China but they could soon be banned outright in all government-linked companies.
Read more »
Inside the WA premier’s plan to wean his state off ChinaRather than be a quarry for China or the source of a never-ending supply of FIFO holidaymakers in Bali, Premier Roger Cook wants to reinvent how Western Australia is viewed in Asia.
Read more »
Victorian council calls for state support to protect coastal communities from climate changeA coastal council is calling on the Victorian government to develop policies that provide certainty for seaside communities amid concerns erosion and rising sea levels will leave them unrecognisable.
Read more »