Steve Kidd 002454726

Steve Kidd 002454726 TRAN2050 Transport Tutorial

THE DEMISE OF RAILTRACK

  1. What are the best sources of information to find out about the what's currently happening in the rail industry and why?
  1. Personal research
  1. Periodicals
  1. Internet
  1. Academia

"The railways have always been a disaster area. If the classic film The Railway Children had been a bit more accurate, Bernard Cribbins would have been a grumpy old porter whose only line would have been to tell the kids to piss off "

John O'Farrell

  1. What are the main events that have lead to Railtrack's existence being threatened?

Given the fatal flaw outlined in (4), a brief history of the nails in Railtracks coffin:

  1. How does all this affect the public perception of the railways?
  1. How well has the media covered the main issues and what role do they play in forming public and political opinions?
  1. Was Railway privatisation a good idea in the first place?

The railway network on an island such as Great Britain is a fantastic example of a system subject to economies of scale. Because of these, it would be daft to fragment the track system, and potentially unwise to divide the infrastructure. This was the fundamental flaw in Railtrack, in that a private company, answerable to shareholders, is duty bound to maximise profits. Unless the most robust legislation is in place, business will invariably compromise wages, safety, environment, the future and the truth. In a market where competition exists there may be some pressure from other players to modify their competitor's 'cheating'. Railtrack was given the monopoly on a plate, a monopoly which government has felt duty bound, until now to support. Even with a strong, independent and legislative governor, privatisation would have been dodgy. Without it was doomed. So no.