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Investment planning and appraisal issues in the privatized railway — the British experience

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.
0144-1647
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
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), 353-362. (doi:10.1080/01441649808717023).

Record type: Article

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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More information

Accepted/In Press date: 18 March 1998
Published date: 1998
Organisations: Transportation Group

Identifiers

Local EPrints ID: 403191
URI: https://eprints.soton.ac.uk/id/eprint/403191
ISSN: 0144-1647
PURE UUID: 884773ed-12ac-406a-95e9-a4689eba7926
ORCID for J.M. Preston: ORCID iD orcid.org/0000-0002-6866-049X

Catalogue record

Date deposited: 01 Dec 2016 16:53
Last modified: 06 Jun 2018 12:41

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