In this task, you are given a question and a context passage. You have to answer the question based on the given passage.
Q: In the early 2000s what marked rock bottom for the public transportation system?, Context: Melbourne has an integrated public transport system based around extensive train, tram, bus and taxi systems. Flinders Street Station was the world's busiest passenger station in 1927 and Melbourne's tram network overtook Sydney's to become the world's largest in the 1940s, at which time 25% of travellers used public transport but by 2003 it had declined to just 7.6%. The public transport system was privatised in 1999, symbolising the peak of the decline. Despite privatisation and successive governments persisting with auto-centric urban development into the 21st century, there have since been large increases in public transport patronage, with the mode share for commuters increasing to 14.8% and 8.4% of all trips. A target of 20% public transport mode share for Melbourne by 2020 was set by the state government in 2006. Since 2006 public transport patronage has grown by over 20%.
A:
privatisation