[9] Included was construction of a five kilometre Wodonga Rail Bypass to eliminate 11 level crossings.

The lease was included in the sale of the business to Pacific National in August 2004, before being bought back by the State Government in 2007.

The responsibilities of the Director included the entering into and management of franchising contracts with train, tram and bus companies to provide public transport services in Melbourne and Victoria.

On 2 April 2012, these functions of the Director were transferred to the newly created Public Transport Victoria, as were the leases.

[20][21] V/Line operates to 91 railway stations[22] and is track manager of the Victorian intrastate rail network outside of the ARTC and Metro Trains Melbourne sub-leases.