Alternative Funding and Financing Mechanisms for Passenger and Freight Rail Projects (2015) / Chapter Skim
Currently Skimming:
Pages 136-147
The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.
From page 136... ...
136 A P P E N D I X D United Kingdom Rail Sector Context Until the mid-1990s, passenger and freight rail services in the UK were largely provided by British Railways (BR) , a government-owned company that owned the rail infrastructure and operated passenger and freight services across Britain.
|
From page 137... ...
Global Scan of Rail Industry Structures, Funding and Financing Approaches 137 hours. Access charges, rights and priorities are determined by the Office of Rail Regulation (ORR)
|
From page 138... ...
138 Alternative Funding and Financing Mechanisms for Passenger and Freight Rail Projects Freight Context in the UK Rail freight in Britain is still mainly bulk traffic, especially imported coal from ports to power stations. Container traffic to and from the ports has grown over recent years to become as important as coal.
|
From page 139... ...
Global Scan of Rail Industry Structures, Funding and Financing Approaches 139 Passenger Context in the UK Intercity and Commuter Rail in the UK In terms of contractual relationships and funding, there is no firm divide between regular intercity, high-speed or commuter services, which are sometimes combined in one route concession (with the same concession offering some slower services, with stops at multiple commuter stations, and faster services stopping only at larger towns and cities)
|
From page 140... ...
140 Alternative Funding and Financing Mechanisms for Passenger and Freight Rail Projects They typically work with TOCs to provide the equipment needed to the level of specification and service standard the TOC requires (this includes premium equipment -- not required by the franchise agreement but desired by the TOC as a means to increase its market share and profitability)
|
From page 141... ...
Global Scan of Rail Industry Structures, Funding and Financing Approaches 141 European Union (excl.
|
From page 142... ...
142 Alternative Funding and Financing Mechanisms for Passenger and Freight Rail Projects revenue from customers has been replaced by track-access charges paid by operators for access to the network. Figure D-3 illustrates the extent of the main rail network in Europe with high-speed (over 200 km/h or 125 mph colored)
|
From page 143... ...
Global Scan of Rail Industry Structures, Funding and Financing Approaches 143 rail operators carry up to 55% of total freight rail traffic with the rest carried by the incumbent state-owned operator.9 The incumbent national operators still dominate carload traffic but competitors have strong positions in unit trains and bulk cargos. Since block trains (unit trains)
|
From page 144... ...
144 Alternative Funding and Financing Mechanisms for Passenger and Freight Rail Projects Australian Rail Sector Context Prior to the 1970s, railroads in Australia were mostly owned and developed to serve the needs of a single state, as vertically integrated systems (with the state owning and operating both infrastructure and rolling stock)
|
From page 145... ...
Global Scan of Rail Industry Structures, Funding and Financing Approaches 145 Overall, through ownership of ARTC and through funding in the rail activities of the Nation Building Program (which covers all modes) , the government has clearly defined the public interest needs for rail infrastructure capacity, and has moved to ensure that these needs are financed.
|
From page 146... ...
146 Alternative Funding and Financing Mechanisms for Passenger and Freight Rail Projects the networks used by intercity rail services. Passenger train operators pay track-access charges to QR Network, ARTC or other infrastructure-owners, as the case may be.
|
From page 147... ...
Global Scan of Rail Industry Structures, Funding and Financing Approaches 147 New HSR infrastructure constructed following privatization is financed entirely by the government and owned by the Japan Railway Construction, Transport and Technology Agency (JRTT) , a subsidiary company of the national government.
|
Key Terms
This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
More
information on Chapter Skim is available.