Railway Finance - Articles and news items
Claire Yeates, Director at Waterscan – an independent consultancy specialising in water sustainability – discusses the impact of next year’s overhaul of the English water supply market and explains how the rail industry can benefit from the opportunity.
Oliver Mietzsch, Managing Director of ZVNL, investigates the organisational structure and financial regulation of regional rail transport in Germany and evaluates its efficacy…
Rail industry news / 15 May 2015 /
The Norwegian Ministry for Transport & Communications has outlined plans for railway reform in the in the transport system.
Issue 5 2012 / 20 September 2012 /
Mobility is vital for the European Union’s internal market, for society, and for the quality of people’s lives. Overall, transport infrastructure investments and maintenance have a positive impact on economic growth; they create wealth, jobs, and enhance the mobility of people. Infrastructure networks form the backbone of a modern competitive economy. In addition, Europe needs to reduce congestion, lower its emissions of greenhouse gases and local pollutants, and reduce its dependence on imported oil.
The challenges and requirements for all transport modes are enormous. The Europe 2020 targets ask for a 20% reduction of CO2 emissions, 20% increase in renewable energy and 20% increase in energy efficiency. Looking further out, the European Commission has set ambitious targets in the 2010 Transport White Paper, in particular for the rail sector: 30% of road freight over distances above 300km should shift to rail or inland waterways by 2030, and more than 50% by 2050; The length of the existing high-speed rail network should be tripled by 2030; A fully functional EU-wide multimodal TEN-T core network should be established by 2030; and all core network airports and seaports should be connected to the rail network by 2050.
Issue 6 2011 / 6 December 2011 /
The Railway Infrastructure Administration, state organisation (SŽDC) is the infrastructure manager in the Czech Republic and, in addition to other duties is responsible for the modernisation and development of the railway network. It launched its operations on 1 January 2003 as one of two successors of the former Czech Railways state organisation (the other successor is the Czech Railways, joint-stock company). The separation of the infrastructure manager from the biggest railway carrier (Czech Railways) launched the transformation of the railway system in the Czech Republic, a process which went on to implement another change on 1 September 2011.
The transformation of the railway system in the Czech Republic continues
SŽDC’s primary task is to carry out the function of the owner and the operator of the national and regional rail. The principal operations include operating the railway infrastructure, en – suring its operability and, last but not least, ensuring the modernisation and development of the railway network in the Czech Republic. SŽDC manages state assets represented by the railway infrastructure in the Czech Republic. The railway network of the Czech Republic is one of the densest in Europe; we have 0.12km of lines per square kilometre.
Issue 5 2011 / 22 September 2011 /
The Trans-European Transport Network Executive Agency (TEN-T EA) is an Executive Agency of the European Union which was created in 2006 by the European Commission to implement the TEN-T programme on its behalf and in particular to monitor the technical and financial implementation of all TEN-T projects. The Agency is in charge of all open TEN-T projects under the 2000-2006 and 2007-2013 funding schemes. The projects represent all transport modes – air, rail, road, and waterborne (maritime/inland waterway) – plus logistics and intelligent transport systems and involve every EU Member State. For the EU’s 2007 to 2013 funding period, or financial framework, €7.2 billion has already been allocated out of a maximum possible budget of €8 billion. The lion’s share of the financing has been allocated to the rail sector, in recognition of the necessity to develop high-speed lines in Europe, to upgrade existing ones and to introduce a common approach to management and safety issues through intelligent transport systems solutions like the European Rail Traffic Management System (ERTMS).
Issue 5 2011 / 22 September 2011 /
The Rail Value for Money Study commissioned in 2010 by Britain’s then Transport Secretary, Lord Adonis, and the Office of Rail Regulation, and continued by the Coalition government, Transport Secretary, Philip Hammond, was published in its final form in May 2011. It is to be followed by a government White Paper in late-2011, but in the meantime, accompanied by industry and media discussion of the Study’s recommendations – groundwork for implementation continues.
The primary conclusion, based on a top-down exercise and comparative benchmarking with railways in France, the Netherlands, Switzerland and Sweden, is that Britain’s railway should cost up to 40% less than it does and that cost savings of 30% should be achievable by 2018/2019. This would mean industry costs in that year of £8.5 billion (€9.77 billion) rather than the current £12 billion (€13.788 billion).
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