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Uncertainty in Long-term Service Contracts – Franchising Rail Transport Operations

This paper examines the effects of risk and uncertainty in public transport contracts for rail passenger services against the background of the European Union’s declared aim to liberalise railway markets. Lessons from markets where competition has already been introduced, such as the United Kingdom and Germany, may help to avoid mistakes.

published 08/2019

The paper is part of a series of 19 papers and a synthesis report produced by the International Transport Forum’s Working Group on Private Investment in Transport Infrastructure.

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