Rail privatisation

John Preston

A chapter in Elgar Encyclopedia of Transport and Society, 2025, pp 312-313 from Edward Elgar Publishing

Abstract: By the mid-twentieth century, the majority of the world's railways were publicly owned. However, from the late 1970s onwards, there was a trend for rail assets and processes to be transferred to the private sector, as it was believed this would increase efficiency. This was a global phenomenon, with two examples being Japan and Great Britain. There are several forms of privatisation, whilst the inter-relationships with other reforms are also important. It appears that simpler reforms based on vertical integration, as in Japan, have been more successful than the more complex reforms based on vertical separation, as in Great Britain.

Keywords: Railways; Privatisation; Organisation; Competition; Vertical separation; Horizontal separation (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035330515
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