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Sydney’s rail network came within hours of being thrown into disarray last year because of safety concerns and the readiness of a controversial $40 billion corporation that had been set up to artificially inflate the state budget.
The Herald can reveal that an operating licence for the Transport Asset Holding Entity (TAHE) was signed on June 30 last year, a matter of hours before the midnight transfer of $40 billion worth of trains and other public rail assets to the “independent for-profit” corporation devised by Treasury.
This article first appeared on www.smh.com.au
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