Abstract
The railways industry is a capital-intensive industry requiring very large initial and ongoing investment streams. Proposals to restructure the traditional state-owned monopoly railway in a particular country are often designed to address concerns not only regarding inefficient operations and monopoly stagnation but also the long-term unreliability of government financing, especially of the expensive infrastructure. In this regard, the connection between the particular rail restructuring strategy chosen by a country and the ability of the restructured entity to attract financing, especially private financing, merits a closer look.
Acknowledgments
The author is grateful for productive discussions and helpful comments from participants in the Colloquium on Financing, Regulation and Performance of the European Rail Sector and from two anonymous referees. The views expressed are not purported to reflect those of the Department of Justice.
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©2017 Walter de Gruyter GmbH, Berlin/Boston
Articles in the same Issue
- Frontmatter
- Editorial
- Special Issue on “Financing, Regulation and Performance of the European Rail Sector”
- Articles
- Railway Finance in Europe
- Public Budget Contributions to the European Rail Sector
- Rail Funding and Financing
- Planning, Evaluation and Financing of Transport Infrastructures: Rethinking the Basics
- The Underappreciated Connection between Rail Restructuring Strategies and Financing
- Infrastructure Charges for International Train Services
- Track Access Charge Control in the Railway Sector, Its Interaction with Specific Financing Structures and the Determination of Incentives – The German Infrastructure Manager DB Netz AG
- Public and Private Provision of Railway Services: A Case Study from Slovakia
- Competition For Versus In the Market of Long-Distance Passenger Rail Services
Articles in the same Issue
- Frontmatter
- Editorial
- Special Issue on “Financing, Regulation and Performance of the European Rail Sector”
- Articles
- Railway Finance in Europe
- Public Budget Contributions to the European Rail Sector
- Rail Funding and Financing
- Planning, Evaluation and Financing of Transport Infrastructures: Rethinking the Basics
- The Underappreciated Connection between Rail Restructuring Strategies and Financing
- Infrastructure Charges for International Train Services
- Track Access Charge Control in the Railway Sector, Its Interaction with Specific Financing Structures and the Determination of Incentives – The German Infrastructure Manager DB Netz AG
- Public and Private Provision of Railway Services: A Case Study from Slovakia
- Competition For Versus In the Market of Long-Distance Passenger Rail Services