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I always wonder why insists to call it Light Rail. It just a trams.
Well, a tram is the dirty and cheap option where you lay the tracks in a roadway and they share the tram lane with cars. Light rail is the fancier but also more expensive option which requires putting the tram onto an entirely, or at least mostly, dedicated right of way cars are not permitted on
Except in the case of the red snail you don’t give it light priority so it takes longer than the buses it replaced.
Trams can also have right of way. For example Dulwich Hill line is a tram the entire section.
However it would prove a conundrum for tfnsw, the T sign is already taken by trains.