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The Productivity Commission's inquiry report into the 'Road and Rail Freight Infrastructure Pricing', was tabled in Parliament in April 2007. The Commission had been asked to inquiry into the costs of freight transport infrastructure on major road and rail networks and options for transport pricing reform. The inquiry would assist COAG to implement efficient pricing of road and rail freight infrastructure to maximise freight transport efficiency and net benefits for the community. Although the Commission concluded that heavy trucks, in aggregate, had been paying their way under the PAYGO system, and that competitive distortions between road and rail were limited, it also found that pricing and regulatory arrangements hampered the efficient provision and productive use of both road and rail infrastructure. The main efficiency losses with current road charging arrangements derive from the averaging of costs and charges under PAYGO, and the disconnect between road revenue and spending decisions. The Commission proposed a sequential approach to reform to be overseen by COAG, this involves: improvements to the PAYGO system, coupled with regulatory reform and improved investment decision-making processes; then incremental pricing for trucks currently excluded from parts of the network, and institutional reforms, before moving to introduce wider location-based pricing. The Commission stressed that each step should be preceded by detailed examination of costs, benefits and distributional impacts, and identification of appropriate adjustment mechanisms. For rail, the Commission recommended a range of reforms to overcome the legacy of a century of inconsistent state based regulation. It also concluded that there was scope to moderate rail access regulation and that corporatisation principles should be more strictly applied.
This book explains how barriers to growth in rail freight transport across Europe can be overcome. It recommends a simple set of charges that create incentives for management and planning of train operations across national borders.
Now that railway infrastructure and train operations have been separated in Europe -- at least for accounting purposes -- user charges for infrastructure are progressively being introduced to cover the costs of running trains. However, because of ...
Examines the causes of inefficiency in road and rail freight, particularly charging arrangements leading to incorrect infrastucture investment decisions.
This Round Table highlights, through its introductory reports and discussions, some essential economic principles that can help to shed light on what a rational system of user charges for railway infrastructure might be and thereby makes it possible to address a aspect of railway reform in Europe.
Over £6 billion is scheduled for investment in the UK's railway infrastructure over the next few years, with £1.2 billion committed to enhancement projects, £1.3 billion to infrastructure maintenance and £1.2 billion on track renewals. Significant investment is also planned in signalling, telecommunications, electrification, stations and depot buildings. Bidding for, winning and completing this work requires an accurate knowledge of the costs, work and resources involved. Spon's Railways Construction Price Book provides that knowledge. Any company looking to participate in the regeneration of the UK's railway network, will find the guidance provided here an essential strategic asset. Compiled from years of specialist experience, this book provides an understanding of the key drivers and components that affect the cost of railway projects. The first edition rapidly became essential reading for designers, engineers, surveyors, project managers, contractors and all those involved in the railway industry. This improved and extended second edition is destined to take its place.
"The Commission has released this issues paper to assist individuals and organisations to prepare submissions to the inquiry into the economic costs of freight infrastructure and efficient approaches to transport pricing"--P. 3.
The 1990s saw an increase in the liberalisation of transport policies and a strengthening of the role of private operators and investors in transport infrastructure worldwide. The search for sustained improvement in efficiency is probably secondary to the need to find additional financing, but it is improvement in services that is at the core of the new role of the government in transport. Governments must now become fair economic regulators of many of the privately operated transport services and infrastructures. This book examines the major challenges that governments are likely to face in taking on their new role in transport.