BRITAIN’s unique passenger franchising model, which requires franchisees to either pay an escalating premium or receive a diminishing subsidy during the relative short life of the contract, has been under increasing strain for some time. Margins have become wafer thin or, in some instances, non-existent leaving some operators struggling to survive or, in the case [...]

ONE of the most interesting observations to emerge from the first International Railway Congress, staged jointly in Vienna on March 18-19 by Austrian Federal Railways (ÖBB) and Russian Railways (RZD), was made by Dr Stefan Buske, owner of Buske Law, who pointed out that the World Bank estimates a $US 50 trillion investment gap in [...]