Results of Railway Privatization in Australia and New Zealand
This paper has been prepared for the World Bank as one of a series of research papers focusing on rail privatization experience throughout the world. The scope of this paper covers rail privatization experience in Australia and New Zealand, much of...
| Main Authors: | , , |
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| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2005/09/6363729/results-railway-privatization-australia-new-zealand http://hdl.handle.net/10986/17403 |
| Summary: | This paper has been prepared for the
World Bank as one of a series of research papers focusing on
rail privatization experience throughout the world. The
scope of this paper covers rail privatization experience in
Australia and New Zealand, much of which occurred over the
ten year period from 1993 to 2003. Overall the rail freight
privatization experience in Australia and New Zealand, taken
in concert with other market and structural reforms, has
been positive, although not uniformly so: In Australia, the
largely privatized rail freight industry is markedly
stronger today than at any time over the last few decades
and is competing aggressively for a greater role in the
national transport and logistics market; and In New Zealand,
the initial success of privatization with increased rail
traffic and increased profits has not been sustained: the
government has been obliged to take back the network and to
commit significant public funds to address deficiencies in
the network assets. |
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