Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

Costly railways

05 February 2021
 

Basic economics suggests that an industry with seriously falling revenue and seriously rising costs is not in a good place. That appears to be the situation facing the British rail industry. It’s widely known how disastrous the collapse in revenue brought about by the policy response to the pandemic has been, and meanwhile, examples of eye-wateringly increasing costs are regularly emerging – particularly in regard to infrastructure investment. Recent examples reported in these pages...

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