The Public Transport Corporation was a State Government of Victoria owned corporate body formed under the Transport Act 1983 which operated passenger and freight trains, trams and bus services in Victoria, Australia.
The Corporation was also responsible for directly operating some bus services and procuring bus services from private operators. The Public Transport Corporation was established from 1 July 1989 as a result of the passage and commencement of the Transport (Amendment) Act 1989 to manage the responsibilities of the State Transport Authority and the Metropolitan Transit Authority. In suburban Melbourne it traded as "The Met" while in regional Victoria it operated as "V/Line".
The operational rail activities of the corporation were franchised in 1999 by the Kennett Government through the intermediary of a new agency, the Director of Public Transport, a statutory office within the Department of Transport. The Director was required entered into franchise agreements with private rail and tram companies for the on the ground delivery of public transport services. The land and infrastructure assets of the Public Transport Corporation were transferred to another new agency, VicTrack (the Victorian Rail Track Corporation). VicTrack then leased those assets to the Director of Public Transport, which in turned sub leased the assets to the new private operators.
Read more about Public Transport Corporation: Formation, Demise, See Also
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