Abstract: Germany, Italy and Britain are hoping to privatize their road and rail systems as a menas of raising funds for constructing public works. The German government's 2-pronged plan for highways is intended to generate new funds for road construction, to write off massive railroad debts ahead of privatization, and to finance railroad infrastructure. The German government is expecting to reduce the railroad debt of $434 billion by selling off portions of the country's Atobahns. Another fund-raising proposal is for car owners to pay an annual fee for Autobahn access. In Italy, deficits are forcing the government to restructure state transportation groups into private operations. The first major project with joint public-private funding will be the $15 billion high-speed rail linking 6 major cities. Britain's Department of Transport is preparing to publish a major policy doucment encouraging public-private partnersihips in projects. A proposal has been made for the government to own the railroad infrastructure, sell freight businesses, and franchise 7 passenger networks.
Publication Year: 1993
Publication Date: 1993-02-22
Language: en
Type: article
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