The level crossing removal program (LXRP) aims to contribute to long-term improvements to the road and rail network by easing transport congestion and delivering a safer and more efficient road network. The LXRP is two years into an eight-year program. This audit identifies risks, lessons and opportunities for improvement for future works. We examined whether the LXRP is cost-effective in terms of whether it has improved, or is expected to improve, the safety and efficiency of the state's road and rail network. Our audit focused on the role of the Level Crossing Removal Authority, Public Transport Victoria, and Transport for Victoria in providing oversight and strategic focus for the LXRP.