Hundreds of millions lost on public transport during COVID-19 crisis | Rabe9
Transport for NSW documents obtained by theunder freedom of information laws reveal the agency was initially expecting to lose more than $400 million in the three months to June.
"It's important to me that we get that capital expenditure out the door ... that's the game-changer; that's where we can make a real difference to the economy," he said. "There’s not a lot they can do to claw that back either … that money is lost to the system and what that means is the transport network will be putting more of an impost on the taxpayer," he said. "We’re talking here about a substantial amount of money to have been lost in a short period of time."
"The worst of all worlds would be the Transport Minister allowing the Treasurer to sell transport land in and around stations to developers with the money going to Treasury rather than the starving public transport sector," he said.
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