 Logo used until 2024 with its previous name | |
| Agency overview | |
|---|---|
| Formed | 1 July 2020 (as the Transport Asset Holding Entity of New South Wales) |
| Preceding agency | |
| Jurisdiction | New South Wales |
| Headquarters | Sydney |
| Agency executive |
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| Parent department | Transport for NSW |
| Key document | |
| Website | tahensw |
TheTransport Asset Manager of New South Wales (TAM) is anagency of theGovernment of New South Wales under theTransport Administration Act 1988. It was previously astate-owned corporation known as theTransport Asset Holding Entity of New South Wales (TAHE) which was established by converting and renamingRailCorp on 1 July 2020.[1][2] During its time as a state-owned corporation, it was not an agency or division ofTransport for NSW.[3] Following a change of state government, in September 2023, it was announced that TAHE would become a government agency.[4] Legislation to change the TAHE to an agency and its name was assented in September 2024, and took effect on 1 January 2025.[5]
Like its predecessor RailCorp, the TAHE/TAM holds rail property assets, rolling stock and rail infrastructure in the Sydney metropolitan area and limited country locations in the state and it makes these assets available toSydney Trains andNSW TrainLink for their operations. Its asset base consists of "rail embankments, cuttings and tunnels, track, signals, power systems, rolling stock, stations and significant land holdings around stations" across the state.[6] A sister entity, the Residual Transport Corporation (RTC), which was formed in July 2017, owns assets not suitable for TAHE ownership.[7]
The TAHE was planned to eventually own the state's public transport assets, including ferries.[8][9]
As astatutory state-owned corporation in New South Wales, the TAHE had a board of directors that is made up of the secretary of Transport for NSW and 3 to 7 directors appointed by the voting shareholders.[3][10] The board of directors ceased on 31 December 2024 on TAHE's last day as a state-owned corporation. In its place, the new agency will have an advisory board.[11]
In 2021, TAHE was the subject of an investigation by the NSW Legislative Council public accountability committee.[12] The Financial Review report stated: "Faced with the new accounting standards, PwC ... recommended either the whole TfNSW portfolio be fully corporatised or the TAHE proposal be dropped", noting that currently only 30% of costs were recovered.[12]
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