Rail Infrastructure Corporation
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The Rail Infrastructure Corporation (RIC) is a business owned by the Government of New South Wales with responsibility for the maintenance of the railway network in rural New South Wales, Australia.
RIC was established on 1 January 2001 as the "owner and maintainer of the NSW rail network". On 1 January 2004, it ceded "ownership" of the metropolitan rail network to a newly-created body, Rail Corporation New South Wales (RailCorp).
Sections of the RIC's network in the Hunter region, and rail lines linking the state to Queensland, South Australia and Victoria, are leased to the Australian Government's Australian Rail Track Corporation.
RIC is answerable to its two shareholders, the state's Premier and Treasurer, and to its portfolio minister, Minister for Transport John Watkins.
The political sensitivity of rail has seen the structures put in place to govern it change substantially in recent years - fatal accidents and poor reliability on the network have spurred the government to make substantial and ongoing changes to the way in which the system is managed. Sections of RIC are slated for incorporation into RailCorp in the future.
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