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Introduction and
Railway Basics
Foreword
Foreword
Copyright
Copyright
Introduction
Introduction
Target Audience
The Role of Transport in Economic Development
Railway Costs and Cost Alternatives
Environmental and Land Use Benefits
What Is Railway Reform? Why Do it?
What Can Be Expected from a Reform Effort?
How Long Will Railway Reforms Take?
Rail Markets
Passenger Services
Freight Services
What Railways Do Best
Technology
Infrastructure
Rolling Stock
Economics and
Finance
Economics
Economic Features of Railways
Railway Cost Structures
Costing Railway Services and Traffics
Financial Contribution Analysis
Commercial Management Actions
Pricing
Railway Pricing
Infrastucture Network Access Pricing
Financial Sustainbility for Railways
Introduction
Policy Choices
Revenue Structure
Cost Structure
Investment
Capital Structure
Determining Financial Sustainability
Financial Analysis Tools
Economic Analysis
Financial Model
Introduction
General Assumptions
Specific Assumptions
Calculations and Financial Statements
Summaries and Scenarios
Financial Model Download
Benchmarking
Introduction
Selecting the Indicators
Collecting the Data
Analyzing Results
Costing
Introduction
Costing Concept
Costing and Profit Measurement System
Reforming Industry
Structure
Introduction
Introduction
Business Organization
First Building Block: Business Organization
State-owned Enterprise
State-owned Company
Privately-owned Company
Competition
Second Building Block: Market Competition
Competition in the Rail Market
Competition for the Rail Market
Separability
Third Building Block: Separability
Horizontal Separation
Vertical Separation
Options for Industry Structure
Assembling the Building Blocks: Options for Industry Structure
The Public Infrastructure Framework
The Private Infrastructure Framework
Reform Motives and Reform Choices
Non Core Activities
Dealing with Non Core Activities
Social and Recreational Services to Employees
Railway Materials and Manufacturing Enterprises
Business Support Services
Extended Businesses
Use of Professional Advisers
Government
Role
The Roles of Government
Government, Railways and the Public Interest
National Transport Strategy
Railway Industry Structure
Purchase of Transport Services
Industry Regulation
Transnational Railway Agreements and Treaties
Administrative Apparatus
Administering the Railway
Introduction
New Relationships Between State and Railways
Implementing New Governance Principles
The State As Owner
Buying Services from the Railway
Introduction
Public Service Obligations
Public Service Obligations Contracts
Public Services Contracts
Competing for PSC Contracts
Case Studies
Setting the Regulatory Framework
Introduction
The Public Interest
Forms of Regulation
Economic Regulation
Safety Regulation
Environmental Regulation
Technical Regulation
Regulatory Instruments
Institutional Issues
Conclusions
Commercial
Management
Corporate Governance
Introduction
Railway Enterprise Structure and Authority
CEO and Management Work
Management Accountability and Transparency
Incentive Structures
Corporate Culture
Organization Sturcture
Introduction
Commercial Railway Structures
Strategy
Introduction
Diagnostic Analysis
Strategy Development
Service Design
Introduction
Customer Interaction
Service Plans and Service Design
Investment
Introduction
Bedrock Investment Program
Prioritizing Investments
Investing for Fundamental Changes
Eliminating Unneeded Assets
Human Resources
Introduction
Right-sizing Staff
Hiring Staff
Private Sector
Participation
Encouraging Private Sector Participation
Introduction
Typical Forms of Private Participation
Public Private Participation
Private Investor Perspectives
Government Perspectives
Concession Contract Guide
Introduction
Key Factors
The Guide
Passenger Service Contract Guide
Introduction
Key Factors
The Guide
Case
Studies
Australia
Creation of ARTC
Corporate Objectives and Management
Access Pricing and Management
Financial and Operational Performance
Summary
Appendix A: Background
Appendix B: Pricing Schedule
Appendix C: Key Sources
Cameroon
Background
Performance Prior to Concessioning
The Concession
Concession Performance
Conclusions
China
Railway Sector Structure
China Railways
Network and Markets
Operations and Financial Performance
Conclusions
India
Railway Sector Structure
Indian Railways
Network and Markets
Operations and Financial Performance
Conclusions
Lithuania
Introduction
Reform Goals
Reform Process
Reform Results
Conclusion
Morocco
Situation before Reform
Reform Goals
Reform
Results
Conclusion
Poland
Introduction
Reform Goals
Reform
Results
Conclusion
Russia
Before the Reform Process
Reform Goals
Reform Process
Results of Reform
Conclusion
UK
Rail Franchising in Britain
Ownership, Governance and Organization
Market, Operational and Financial Performance
Assessment
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Full document with all chapters, annexes and case studies
Chapters
1: Introduction
2: Rail Markets and Technology
3: Railway Economics and Pricing
4: Financial Sustainability for Railways
5: Creating the Industry Structure
6: The Roles of Government
7: Administering the Railways
8: Buying Services from Railways
9: Setting the Regulatory Framework
10: Corporate Governance
11: Creating Commercial Railway Structures
12: Commercial Management Practices and Strategy Development
13: Encouraging Private Sector Participation
Annexes
1: Financial Model -
Guide
Excel file*
(*Enable macros and ActiveX controls before opening.)
2: Benchmarking
3: Costing
4: Concession Contract Guide
5: Passenger Service Contract Guide
Case Studies
Australia
Cameroon
China
India
Lithuania
Morocco
Poland
Russia
United Kingdom
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Credits
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