TasRail is Tasmania’s vertically integrated, short haul, freight rail business. It was created in 2009 by combining the Below Rail assets (that the State had assumed responsibility for in 2007) with all of the Above Rail and Business Assets purchased from Pacific National, including the Emu Bay Railway.  TasRail is a State-owned Company, with the principal objectives of the business set out in the Rail Company Act 2009 and require the Company to operate a rail business in Tasmania, effectively and efficiently and to operate its activities in accordance with sound commercial practice.