M>Tram was a tram operator in Melbourne, Australia. Formed in July 1998 as Swanston Trams, a business unit of the Public Transport Corporation, it was privatised in August 1999 becoming a subsidiary of National Express. In December 2002 National Express handed the franchise in, with the State Government taking over until negotiations were concluded for Yarra Trams to take over in April 2004.

The Public Transport Corporation (PTC) was a Victoria State Government owned statutory authority formed under the Transport Act 1983 which operated passenger and freight trains, trams and bus services.