First, a review is presented of likely developments in market conditions for rail services in the next 20 years, focussing mainly on the passenger market. It is argued that external conditions would cause some continued downward pressure on the market, but less so than in previous years. The pressure is not such as to constitute an inevitable decline, and experience elsewhere shows that market expansion is possible, though expensive. Consideration is given of the significance to British Rail of developments in general trends, long-distance coach traffic, London, car use (especially 'second' and company cars), cross channel movement and other factors. Secondly, it is argued that some degree of Government support will continue to be available for BR, and that therefore a formal management objective designed to assess 'value for money' is desirable. The British Railways Board's proposal for a system called 'Weighted Passenger Miles Within a Financial Constraint' is discussed, and supported. Thirdly, there is a brief comment on privatisation.
Some Aspects of Railway Finance
1982
18 pages
Report
No indication
English
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