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ECA railways: trends, prospects, and challenges
 
Author:Willoughby, Christopher ; Anderson, Phil ; Country:Kazakhstan ; Croatia ; Macedonia, former Yugoslav Republic of ; Poland ; Turkey ; Bulgaria ; Romania ; Russian Federation ; Hungary ; 
Document Date:2005/01/01Doc Name:ECA railways: trends, prospects, and challenges
Document Type:Working PaperLanguage:English
Region:Europe and Central AsiaRep Title:ECA railways: trends, prospects, and challenges
Report Number:33880SubTopics:Railways Transport ; Banks & Banking Reform ; Roads & Highways ; Municipal Financial Management ; Airports and Air Services
Topics:Transport ; Urban Development ; Finance and Financial Sector DevelopmentUnit Owning:Office of the Regional Vice Pres (ECAVP)
Volume No:1 of 1  

Abstract: The purpose of this paper is to identify the problems and potentials of ECA railways by evaluating the past trends and future prospects of a sample of nine railways -- those of Bulgaria, Croatia, Hungary, Kazakhstan, Macedonia, Poland, Romania, Russia, and Turkey - and comparing them to the railways of France, Germany, and the U.S.A. Currently, the nine ECA railways have large amounts of redundant employees, as well as track, locomotives, and rolling stock in excess of future needs. Modernization of railway assets must be preceded by rationalization since it is unrealistic to expect financially stretched Governments to provide the required funding. Moreover, even if this were feasible, it would not be efficient.
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