Balancing risks and rewards

August 2010
Railway Gazette International;Aug2010, Vol. 166 Issue 8, p74
Trade Publication
The article presents Neil Chesters' viewpoints on the British government's plan to review the country's rail franchising policy. Under the current cap and collar arrangements, the incentive to invest in customer service improvements has been reduced. Chesters, who leads rail industry work of economic consultancy Frontier Economics, argues that a better balance of risk between the public and private sectors is key to maximising benefits for both passengers and taxpayers.


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