4. Maintaining and renewing railway assets
Conclusion
Metro is largely maintaining the railway assets as planned. It is behind in renewing its technology assets and has spent significantly less on these to date than it had planned.
The department does not know the size of this renewal backlog for technology assets, why Metro is spending less than planned and where or how well Metro does the work.
The department does not effectively monitor if Metro is maintaining and renewing assets according to all of the agreement's requirements.