1996Unpublished venueRequires access

PRIVATISATION OF BRITAIN'S RAILWAYS

N Montagu

Open publisher page 3 citations

Abstract

The Railways Act, providing the legislative framework for privatisation of Britain's railways, received Royal Assent in November 1993. The aim of privatisation is to improve the quality and efficiency of rail services by introducing private sector investment and management, thereby encouraging greater use of the railways. Much of the UK Government's plan for privatisation coincides with the European Union's transport policy for railways. The separation of track and operations and the granting of franchises to private sector operators furthers the Union's objective of securing commercial independence for the railways.

About this research paper

What this paper is about

The Railways Act, providing the legislative framework for privatisation of Britain's railways, received Royal Assent in November 1993. The aim of privatisation is to improve the quality and efficiency of rail services by introducing private sector investment and management, thereby encouraging greater use of the railways. Much of the UK Government's plan for privatisation coincides with the European Union's transport policy for railways. The separation of track and operations and the granting of franchises to private sector operators furthers the Union's objective of securing commercial independence for the railways.

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Available abstract

The Railways Act, providing the legislative framework for privatisation of Britain's railways, received Royal Assent in November 1993. The aim of privatisation is to improve the quality and efficiency of rail services by introducing private sector investment and management, thereby encouraging greater use of the railways. Much of the UK Government's plan for privatisation coincides with the European Union's transport policy for railways. The separation of track and operations and the granting of franchises to private sector operators furthers the Union's objective of securing commercial independence for the railways.

Key concepts: Legislature, Private sector, Government (linguistics), Independence (probability theory), Investment (military), Business, Quality (philosophy), Track (disk drive)

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