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- W591332145 abstract "This article assesses the UK Government's Ten Year Transport Plan, and its implications for the British railway industry which has been under-financed. The long decline of the industry during most of the 20th century was largely due to excessive regulations first imposed in the 19th century. In the 1990s, privatisation originally aimed to obtain the best price for railway assets and manage the industry's decline at the lowest cost. In public service terms, the Government required a minimum timetable, limits to crowding, and some subsidies to meet social requirements. Rather surprisingly, rail passenger travel rose after privatisation, and now seems likely to reach record levels, but too often accompanied by congestion, crowding, and worsening punctuality. In the Ten Year Transport Plan, 60,000M has been allocated to the national rail network, of which 49,000M will be capital investment, with 34,000M and 15,000M from the private and public sectors, respectively. Most of the capital investment will be in new infrastructure, though about 6000 new passenger vehicles will also be provided. The article discusses the risks involvement in the private investment programme, and how far Railtrack, the train operating companies (TOCs), and public-private partnerships (PPPs) could meet the programme's requirements." @default.
- W591332145 created "2016-06-24" @default.
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- W591332145 date "2000-11-01" @default.
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- W591332145 title "INVESTMENT! INVESTMENT! INVESTMENT!" @default.
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