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Title: FRANCHISING AND REFRANCHISING OF PASSENGER RAIL SERVICES IN BRITAIN
Accession Number: 00814200
Record Type: Component
Record URL: Availability: Transportation Research Board Business Office 500 Fifth Street, NW Find a library where document is available Abstract: The franchising of passenger rail services in Great Britain that occurred in 1996-1997 and the refranchising of these services are under review. The initial impact of franchising has been broadly beneficial and demand is rising, whereas the costs to government are declining. However, important issues relating to service performance, customer satisfaction, and investment in rolling stock have emerged. Refranchising is designed to address these problems and is under way. The franchising and the refranchising processes appear to have been successful in stimulating competition for the passenger rail market, but contract design issues concerning franchise length, size, and structure have not yet been satisfactorily resolved. Furthermore, there are important issues regarding the extent to which service quality is contractible and verifiable. There are also dangers of adverse ratchet effects and regulatory capture occurring. Some lessons for other countries are highlighted.
Supplemental Notes: This paper appears in Transportation Research Record No. 1742, Intercity Passenger Rail; Freight Rail; and Track Design and Maintenance.
Language: English
Corporate Authors: Transportation Research Board 500 Fifth Street, NW Authors: PRESTON, JPagination: p. 1-8
Publication Date: 2001
Serial: ISBN: 030907200X
Features: References
(30)
; Tables
(10)
TRT Terms: Uncontrolled Terms: Geographic Terms: Subject Areas: Highways; Operations and Traffic Management; Passenger Transportation; Planning and Forecasting; Railroads
Files: TRIS, TRB, ATRI
Created Date: Jul 31 2001 12:00AM
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