A review of privatization and vertical separation and their impact on world railways productivity

Articles in Press

Document Type : Review Article

Authors

Iran University of Science and Technology

10.22034/tri.2021.194318.2599

Abstract

Many countries in the world, after the successful privatization of Japan's national railways in 1987, have undergone major changes to their railways development and utilization policies, so it was observed clear expansion of liberalization policies in the transport sector and the strengthening of the private sector's presence in infrastructure investment around the world in 1990. One of the main drivers of these developments was the pressure to reach the private sector's financial resources to solve the problems caused by government losses. The change in funding also created an opportunity for the rail industry to reorganize its railways in order to increase efficiency and create the right conditions for adopting these developments. After these years of privatization, the private sector is today the main actor in providing infrastructure and operational services. Governmental companies have been sold and the privilege of many of the world's railroads from Asia to the Americas has left the private sector. In many countries, policy makers and railway officials have also discussed the advantages and disadvantages of vertical separation to determine if this performance is a satisfactory tool for improving the performance of railways or not.

Keywords

Main Subjects

Journal of Transportation Research

Articles in Press, Accepted Manuscript
Available Online from 15 May 2021

Files

Share

How to cite

Statistics