At the 1996 Victorian election, a Liberal Party government led by Jeff Kennett was re-elected on a platform of continued rationalisation of the state's public services. This program of service reduction and privatisation, later described as one of the Kennett government's most significant legacies, included breaking up the Public Transport Corporation and selling or franchising nearly all of its assets and operations, as well as cancelling or reducing train services to regional areas. During 1999, the state's V/Line rail freight operations were sold outright to Freight Victoria, a consortium led by American company RailAmerica. At the company's insistence, the government also decided to lease the majority of the intrastate network itself to the winning bidder, on the basis that the control of both track and trains would enable Freight Victoria to implement greater efficiencies. However, open access was mandated for the network under Freight Victoria's control, for other freight operators and passenger services. Later in the year, country passenger train operations under the V/Line brand were franchised to National Express, a British transport multinational, under a 15-year contract which included a commitment by the company to invest in infrastructure upgrades as well as 58 "high speed trains".