To What Extent Can Regulatory and Structural Reform Improve Performance for East and Central European Railways?



To What Extent Can Regulatory and Structural Reform Improve Performance for East and Central European Railways?

Authors

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

Description

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.

Publisher

Association for European Transport