Abstract
Chapter 5 will now proceed to present the theoretical best solutions for regulating a railway company as well as the practical regulation models railroads in other countries have chosen for themselves. Based on the findings of this chapter, potential future reforms for Chinese Railways will then be discussed and evaluated.
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Helmut Schmidt, German chancellor from 1974 to 1982, commented on the situation, pointing out that Germany, unless it took immediate counteraction, would soon only be able to afford either the railway or the armed forces — but not both (Die Bundeskanzlerin 2005; Schmid 2004).
Railion is a European railroad cargo carrier group and the result of merging DB Cargo AG (German Railways’ cargo division), NS Cargo NV (Dutch Railways’ cargo business), Railion Danmark and SFM, a private Italian carrier (95 per cent majority purchased by Railion Deutschland AG and renamed Railion Italia in April 2005) (DB AG 2005a).
Converted from Japanese Yen to German Marks with the average interbank exchange rate between 1 January 1977 and 31 December 1979, and then converted from German Marks to Euro (OANDA Corporation 2006a).
Converted from Japanese Yen to German Marks with the average interbank exchange rate between 1 January 1978 and 31 December 1981, and then converted from German Marks to Euro (OANDA Corporation 2006a).
Converted from Japanese Yen to German Marks with the average interbank exchange rate between 1 January 1987 and 31 December 1987, and then converted from German Marks to Euro (OANDA Corporation 2006a).
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© 2008 Physica-Verlag Heidelberg
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(2008). Approaches to Regulation of Railways. In: Chinese Railways. Contributions to Economics. Physica-Verlag HD. https://doi.org/10.1007/978-3-7908-2002-7_5
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DOI: https://doi.org/10.1007/978-3-7908-2002-7_5
Publisher Name: Physica-Verlag HD
Print ISBN: 978-3-7908-2001-0
Online ISBN: 978-3-7908-2002-7
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