Transport economics Why is transport important?
The effect of privatisation
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The effect of privatisation The tables show up to date (2007/8) data on the current state of the rail network. The long run of data shows how passenger km’s have risen significantly to an all time high. The number of journeys has also risen. Note that the change in trend occurs around the time of privatisation. This supports the view that one of the reasons for rails trouble is the success of privatisation. 
Freight has seen a recovery since privatization, indeed there has been a 45% increase in freight carried between 1995 and 2004, but recent problems have disturbed the trend again. (Hatfield was a major contributor to this as it led to restrictions on the network that slowed all trains. Delivery times are often crucial to firms.) Recently (2003) Royal Mail stopped using rail altogether. 
Freight moved by rail 1995 to 2006 Perhaps the most impressive figures are for investment in the network. Since privatisation There is, however, little doubt that investment had been well short of that required, but Railtrack and privatisation did have the desired effect. 
Fare levels have generally risen faster than the RPI (see graph in bus deregulation section). This is because, with reduced subsidy to train operators, they must finance their investment in new rolling stock somehow. Around half of rail fares are regulated, currently at RPI + 1% on the July figure. In 2009 that meant a price fall of 0.4%. Directory: files -> quia -> users users -> L y aura un quiz sur le vocabulaire users -> 007. Explain and demonstrate basic cad commands and techniques users -> Vocabulary review users -> Three Approaches to Defining Jazz Mark Gridley, Robert Maxham and Robert Hoff Copyright 1989 by Oxford University Press users -> Inventions and Inventors Web Quest Introduction users -> How do we handle these contacts? users -> A brief History of the Personal Computer users -> Lecture #13 the civil war from The Election of Lincoln to the Surrender at Appomattox Election of 1860 users -> Hours: 05 Term: Winter/Spring 2005 Days users -> Ch. 1 Thinking Geographically Download 4.92 Mb. Share with your friends:
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