IPART has completed its review of CityRail fares for 2009-2012 and CityRail’s economic regulatory framework. On 16 December 2008, IPART released its determination of CityRail fares and its recommendations to the Government on improving CityRail’s governance arrangements. The new fares took effect from 4 January 2009 and the determination and report explain how they will increase over the remaining three years to 2012.
IPART's final fare determination and the report which explains it are available by clicking on the Final Reports button below. A summary document which explains the key decisions and the fare outcomes for individual tickets - Fact Sheet - Review of CityRail Fares, 2009-2012 - Final Determination – can be found by clicking on the Fact Sheets button below.
As part of the review, IPART has released a number of reports and papers including two draft reports, consultant’s reports, discussion and issues papers. A copy of all these reports and papers are available by clicking on the relevant buttons below.
The Independent Pricing and Regulatory Tribunal of New South Wales is seeking consultancy assistance to provide advice on allocating the costs of CityRail’s regular passenger services between passengers and Government taking into account the social costs and benefits of CityRail’s services.
As part of IPARTs review of CityRail’s fares for 2009-2012, IPART engaged LECG to provide advice on the external benefits and optimal Government subsidy of CityRail. This report updated previous work by CRAI completed in June 2008. LECG’s report explains its findings.
CRA International (CRAI) was engaged to provide advice on the appropriate shares of these costs to be funded by CityRail passengers (through fares) and by taxpayers (through government subsidies) taking into account the external benefits generated by these services. The report presents CRAI’s recommendations on the appropriate sharing of costs between passengers and taxpayers.
L.E.K Consulting was engaged to provide advice on the efficient costs of providing CityRail’s passenger rail services. The report presents L.E.K’s recommendations on the efficient cost of providing CityRail services.
IPART has completed its review of CityRail’s fares for 2009-2012. IPART’s final fare determination for CityRail fares, TravelPass and DayTripper is set out in its fare determination report.
IPART sets maximum fares that CityRail can charge for the passenger rail services it provides within the Greater Sydney region. The NSW Government has asked IPART to review and recommend a new economic regulatory framework that will create better incentives for CityRail to provide passenger rail services at efficient cost levels. At the same time IPART is to review CityRail’s current fares and determine new fares to apply from 2009.
IPART has begun to consider the findings and recommendations of its consultants, as well as other issues raised in the issues paper and the submissions made by the government and other stakeholders. The purpose of these discussion papers is to explain IPART’s preliminary analysis and views on some of the key issues related to its approach to fare setting and the 2009 fare determination. IPART seeks stakeholder comments on the discussion papers so IPART can take them into account in making its draft determination which is expected to be released in September 2008.
IPART sets maximum fares that CityRail can charge for the passenger rail services it provides within the Greater Sydney region. The NSW Government has asked IPART to review and recommend a new economic regulatory framework that will create better incentives for CityRail to provide passenger rail services at efficient cost levels. At the same time IPART is to review CityRail’s current fares and determine new fares to apply from 2009.
IPART has begun to consider the findings and recommendations of its consultants, as well as other issues raised in the issues paper and the submissions made by the government and other stakeholders. The purpose of these discussion papers is to explain IPART’s preliminary analysis and views on some of the key issues related to its approach to fare setting and the 2009 fare determination. IPART seeks stakeholder comments on the discussion papers so IPART can take them into account in making its draft determination which is expected to be released in September 2008.
IPART has completed in its review of CityRail’s regulatory framework and has prepared a list of recommendation to Government to improve CityRail’s accountability and incentives through an effective service contract. The recommendations to Government are set out in IPART’s final report.
IPART has been asked by the NSW Government to review and recommend a regulatory framework that will provide CityRail with better incentives to provide passenger rail services and efficient cost levels. IPART has prepared this issues paper to highlight the key issues for the review and assist stakeholders in providing input to the review.
IPART has been asked by the NSW Government to review and recommend a regulatory framework that will provide CityRail with better incentives to provide passenger rail services and efficient cost levels. IPART has prepared an issues paper to highlight the key issues for the review and assist stakeholders in providing input to the review. This paper summarises the key points from the issues paper.
The Independent Pricing and Regulatory Tribunal (IPART) today released its draft
determination proposing fares for CityRail passenger services for four years starting from 1 January 2009 until December 2012.
Fares will rise on average by 7.9 per cent (including the effects of inflation) on 1 January 2009, and will rise by an average total 12 per cent plus inflation over the four years from 2008 to 2012.
On 6 June 2008 IPART released two discussion papers which consider improvements to the CityRail regulatory framework - the first paper (Determining CityRail’s revenue requirements and how it should be funded) focuses on the total costs associated with providing CityRail services and discusses what portion of these costs should be recovered from passengers through fares, and what portion should be funded by taxpayers through government subsidies. The second paper (Deciding on the structure and level of CityRail fares) focuses on how fares should be structured to encourage efficiency in the use of the CityRail network, equity between different users of CityRail services and promote efficient investment decisions.
