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- W853854217 abstract "Problems with State financing of rolling stock since the Second World War, particularly under-funding, are reviewed. Rail bound transport is now seen as an essential component of infrastructure development in Europe and elsewhere for capacity, environmental and social reasons. The European Investment Bank is now financing leases of freight wagons but investment has remained modest for passenger carriages. Rail operators need to be able to invest in new rolling stock as required but private sector finance is only economically viable if borrowers have state guarantees. The Railway Rolling Stock Protocol aims to provide the private sector security at an international level including a worldwide asset registry. It should permit state-owned, as well as private, railways in less prosperous countries to borrow or lease on the collateral of their assets at reasonable rates. Clearer definitions of the types of rolling stock covered by the protocol, and unique identification criteria have yet to be agreed." @default.
- W853854217 created "2016-06-24" @default.
- W853854217 creator A5028381031 @default.
- W853854217 date "2002-03-01" @default.
- W853854217 modified "2023-09-26" @default.
- W853854217 title "A NEW APPROACH TO FINANCING ROLLING STOCK" @default.
- W853854217 hasPublicationYear "2002" @default.
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