Investment planning and appraisal issues in the privatized railway — the British experience
Investment planning and appraisal issues in the privatized railway — the British experience
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.
353-362
Bristow, A.L.
5fc3cdf5-2bac-400e-982f-e0de167dcb46
Preston, J.M.
ef81c42e-c896-4768-92d1-052662037f0b
Nash, C.A.
8f57e99c-cea6-4e46-866e-af2ca9acd8a6
1998
Bristow, A.L.
5fc3cdf5-2bac-400e-982f-e0de167dcb46
Preston, J.M.
ef81c42e-c896-4768-92d1-052662037f0b
Nash, C.A.
8f57e99c-cea6-4e46-866e-af2ca9acd8a6
Bristow, A.L., Preston, J.M. and Nash, C.A.
(1998)
Investment planning and appraisal issues in the privatized railway — the British experience.
Transport Reviews, 18 (4), .
(doi:10.1080/01441649808717023).
Abstract
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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Accepted/In Press date: 18 March 1998
Published date: 1998
Organisations:
Transportation Group
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Local EPrints ID: 403191
URI: http://eprints.soton.ac.uk/id/eprint/403191
ISSN: 0144-1647
PURE UUID: 884773ed-12ac-406a-95e9-a4689eba7926
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Date deposited: 01 Dec 2016 16:53
Last modified: 16 Mar 2024 03:48
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Author:
A.L. Bristow
Author:
C.A. Nash
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