PRIVATISATION OF BRITAIN'S RAILWAYS
N Montagu
Abstract
N Montagu
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.
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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)