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- W94422306 abstract "The franchising of train and tram operations in Melbourne has been the subject of a number of papers at THREDBO series conferences. Train and tram services were franchised to private operators in 1999, but the arrangements failed only a few years into the 10-15 year life of the contracts. In 2004, new partnership agreements were finalised with two of the original franchisees, which are closer in nature to performance-based contracts. The texts of the agreements were released publicly in late 2005, together with information about actual and projected subsidy payments. In addition, the new arrangements have now been operating for three years, and it is possible to compare the performance of the operators under these new arrangements with both the first phase of franchising and the previous period of public ownership. This paper reviews the Melbourne history, the contracts, the financial data and other information about performance to assess the extent to which the introduction of performance-based contracts has resolved the problems that plagued the original franchise arrangements. It concludes by drawing some lessons from the Melbourne experience about problems that occur when performance-based contracts are negotiated with incumbent operators. (a) For the covering entry of this conference, please see ITRD abstract no. E215911." @default.
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- W94422306 date "2007-01-01" @default.
- W94422306 modified "2023-09-27" @default.
- W94422306 title "Franchising And Performance Based Contracts: Lessons From Public Transport In Melbourne" @default.
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