Conference Papers 1999

Seminar
Day 1 (1 Jan 1999), Operating Railways for Traffic Growth and Profit, A Viable Future For Railways, 09:00 - 10:30

Status
Accepted, documents submitted

Authors
ASHMORE D P and MELLOR A D, Steer Davies Gleave, UK

Short abstract
This paper explores the issues relating to structural and regulatory reform in East and Central European railway companies and probes the issue of how effective these reforms are in practice compared with other drivers that affect each railway. The paper

Abstract
This paper explores the issues relating to structural and regulatory reform in East and Central European railway companies and probes the issue of how effective these reforms are in practice compared with other drivers that affect each railway. The paper is structured in the following way. Section 2 describes the reform proposals that are currently being promoted for railway companies. Section 3 assesses the extent of reform ill Central East Europe (CEE) and offers a considered, approximate grading of each railway's progress towards adoption of market economic principles. Sections 4 - 6 consider whether railways with the greatest level of reform can be said to exhibit better performance in the areas of asset utilisation, efficiency and financial effectiveness. The influence of other factors in driving business performance is also reviewed. Section 7 concludes the paper.