Rail Market Privatisation
The objectives, structure and brief evaluation about rail privatisation in the UK
- Created by: TessAni
- Created on: 19-01-13 14:42
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- Rail Privatisation
- Objectives
- to see better use made of railways
- To provide greater responsiveness to customer
- to give a better value money to rail users
- To see a higher quality service
- to generate new capital investment
- Structure
- opportunity for 'open access' companies to compete for services
- outright sale of freight services
- control of track charges by independent regulator; different to franchise regulator (DfT)
- Franchising of passenger services - 23 total + subsidies
- Transfer of rolling stock to ROSCOs
- separation of infrastructure from operations (Network Rail)
- Most controversial as compelling natural monopoly argument
- New Opportunities White Paper 1992
- Some have seen it as a success with rail passengers increasing
- However, others see it as the least efficient in the EU - economist article
- Objectives
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