2004•Accounting ForumRequires access
Accounting for UK rail freight track charges: privatisation, politics and the pursuit of private sector vested interests
John Stittle
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Abstract
In 1996, the UK government privatised the railway industry based on a separation of rail infrastructure from train operations. Track, stations and signalling were transferred to a private sector infrastructure company, Railtrack plc. Separate passenger and freight train operators were required to pay track access charges to Railtrack for use of its rail infrastructure.