Rail privatization in Britain has led to a division of responsibility for investment between Railtrack (infrastructure) and rolling stock leasing companies and operators (rolling stock). However, public bodies — the Office of Passenger Rail Franchising (OPRAF) and the Office of the Rail Regulator (ORR) — still have a considerable influence. This paper describes the new system and offers a critical analysis of the way it is working, with particular reference to the approach to appraisal put forward by OPRAF in its recent appraisal guide.


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    Title :

    Investment planning and appraisal issues in the privatized railway — the British experience


    Contributors:

    Published in:

    Transport Reviews ; 18 , 4 ; 353-362


    Publication date :

    1998-10-01


    Size :

    10 pages




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    Unknown



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