Publication details
Evropské železnice na počátku 21. století
| Title in English | European railways at the begining of the 21st century |
|---|---|
| Authors | |
| Year of publication | 2007 |
| Type | Article in Proceedings |
| Conference | EURNEX - Žel 2007 "Towards more competitve European railway system" (2.diel) |
| MU Faculty or unit | |
| Citation | |
| Field | Economy |
| Keywords | railways; competiton; vertical unbundling; transport policy |
| Description | European railways have long history of operation. But presently they are faced with challenging problems. The success of road transport has diminished their market shares considerably. As a consequence revenues declined and European railways operations are usually unprofitable. This has led to growing dependency on public subsidies and to high indebtness of railway companies. European transport policy tries to revitalize railway transport through competition promotion and infrastructure financing. The aim of this paper is to assess economic possibilities and limits of European railway at the beginning of 21st century. |