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- W794637515 abstract "This presentation examines the new regulatory regime for the privatisation of British Rail (BR), as proposed in Part 1 of the Railways Bill. It considers especially the roles of the Regulator and Franchising Director, and their relationship with franchisees and the Health and Safety Executive (HSE). It examines the process whereby a franchise is put out to tender, bid for, awarded, operated, and terminated. The Regulator will perform a role similar to that of the 'watchdogs' of other privatised industries; his duties are specified by Clause 4 of the Bill. The Franchising Director will act as a commercial interface between the Government and the operators of rail franchises, and he will be given the necessary commercial flexibility to negotiate franchises. His duties will be specified by the Secretary of State for Transport. When BR has been privatised, he will be empowered to begin designating services as eligible for franchising under franchising agreements. A typical franchise agreement will include: (1) a franchise term, perhaps seven years; (2) a period of exclusivity from competition, perhaps two years; (3) an allocation of infrastructure, according to access agreements; (4) a subsidy. Each franchisee must be licensed by the Rail Regulator. The relationship between a franchisee and the HSE is complex and concerns safety. For the covering abstract see IRRD 865967." @default.
- W794637515 created "2016-06-24" @default.
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- W794637515 date "1993-01-01" @default.
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- W794637515 title "EXPLANATION OF THE RAILWAYS BILL" @default.
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