The Underappreciated Connection between Rail Restructuring Strategies and Financing

Russell Pittman

Review of Network Economics, 2017, vol. 16, issue 2, 161-169

Abstract: The railways industry is a capital-intensive industry requiring very large initial and ongoing investment streams. Proposals to restructure the traditional state-owned monopoly railway in a particular country are often designed to address concerns not only regarding inefficient operations and monopoly stagnation but also the long-term unreliability of government financing, especially of the expensive infrastructure. In this regard, the connection between the particular rail restructuring strategy chosen by a country and the ability of the restructured entity to attract financing, especially private financing, merits a closer look.

Keywords: financing; infrastructure; railways; restructuring (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1515/rne-2017-0040

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