A troubled entity set up to manage the state's rail assets has been labelled "at risk" in a blistering report from the NSW Auditor-General, who says it was created to make the NSW budget look good.
The seven year design and implementation of the state's Transport Asset Holding Entity (TAHE) was not transparent, cohesive or effective, Auditor-General Margaret Crawford said in a report released late on Tuesday.
"It delivered an outcome that is unnecessarily complex, in order to support an accounting treatment to meet the NSW government's short-term budget objectives, while creating an obligation for future governments," she said.
