ANNUAL REPORT 2004–05 - V/Line

LETTER TO THE MINISTEROctober 2005The Hon. Peter Batchelor MPMinister for TransportLevel 26 Nauru House80 Collins StreetMelbourne 3000Dear MinisterI have pleasure in submitting the annual report for V/Line Passenger Corporation, including theactivities of V/Line Passenger Pty Ltd (V/Line), for the financial year 1 July 2004 to 30 June 2005.V/Line's focus this year has been to ensure that the Victorian community has access to the bestpossible regional rail and coach services while significant progress is being made on the rebuilding ofthe State's rail infrastructure and operations. At the same time, we have continued to expand thebusiness and offer services to more and more Victorians.While at times disruptions have been inevitable, our customers have shown great understanding andhave continued to support our business strongly. Importantly, staff have continued to demonstrate theircommitment to V/Line and customers during this period. I am confident that our customers will be wellrewarded for their patience in the year ahead as the major projects are completed.I am pleased to report that V/Line's financial performance with respect to its subsidies and expenditurewas in line with budget expectations.V/Line's board and management look forward to reporting even stronger performance in the yearahead.Yours faithfullyFrank Tait, ChairmanV/LINE ANNUAL REPORT 2004–05|3