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flag NSW's train fleet project is over three years late, $826M over budget, and plagued by mismanagement and poor oversight.

flag A 2025 audit reveals major mismanagement by Transport for NSW in its train fleet projects, causing billions in cost overruns and severe delays. flag Decisions like adopting two-by-two seating reduced intercity train capacity by up to 23% and led to nearly 100 extra carriages, increasing costs by up to 63%. flag Infrastructure upgrades, including tunnel work, rose 72% to $149 million. flag The first regional trains are now delayed until April 2026—over three years late—and the project’s cost has surged by $826 million to $2.29 billion. flag Poor planning, excluded infrastructure costs, and a flawed public-private partnership shifted risks to the government. flag Overall, combined fleet costs now total $6.8 billion, more than 50% over original estimates. flag The auditor-general criticized weak oversight, staff engagement, and excessive use of confidential classifications limiting transparency.

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