In this report, some of the world's leading experts in rail regulation examine the restructuring of the sector, focusing on tariff reform and the introduction of competition in one of the world's largest rail networks.
- 11 May 2004
Key Regulatory Challenges
The reform programme rightly stresses the importance of maintaining adequate and transparent accounts for rail sector businesses and progress has been made in improving the accounts for the national railways. Income and expenditure is now recorded in separate accounts for freight, long distance passenger transport, suburban passenger services and non-transport activities. For the last three years financial planning on the basis of budgets has been applied, with a central system of settlement of accounts. Accumulation of debts as a result of ...