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Reform and regulation of the Portuguese rail sector. What has failed?

Author

Listed:
  • Santos, Jorge
  • Furtado, Ana
  • Marques, Rui Cunha

Abstract

In 1998, and in the context of the European Directives, a reform of the Portuguese rail sector was implemented, through the vertical separation of the two basic rail activities, and an access charging system with economic regulation was introduced. This study sought to understand the Portuguese reform and its outcomes, particularly, at the level of the infrastructure manager's productivity, where losses were detected. Although access charges are being defined under a price-cap regulation regime since 2005, no progress was found in the cost recovery by the infrastructure manager. The paper concludes with suggestions to improve the current regulatory model.

Suggested Citation

  • Santos, Jorge & Furtado, Ana & Marques, Rui Cunha, 2010. "Reform and regulation of the Portuguese rail sector. What has failed?," Utilities Policy, Elsevier, vol. 18(2), pages 94-102, June.
    • Handle: RePEc:eee:juipol:v:18:y:2010:i:2:p:94-102
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    References listed on IDEAS

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    1. Marques, Rui Cunha & Brochado, Ana, 2008. "Airport regulation in Europe: Is there need for a European Observatory?," Transport Policy, Elsevier, vol. 15(3), pages 163-172, May.
    2. Smith, Andrew S.J., 2005. "The role of efficiency estimates in UK regulatory price reviews: The case of rail," Utilities Policy, Elsevier, vol. 13(4), pages 294-301, December.
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    4. Chris Nash, 2005. "Rail Infrastructure Charges in Europe," Journal of Transport Economics and Policy, University of Bath, vol. 39(3), pages 259-278, September.
    5. Gibson, Stephen, 2005. "Incentivising operational performance on the UK rail infrastructure since 1996," Utilities Policy, Elsevier, vol. 13(3), pages 222-229, September.
    6. Timothy J. Coelli & D.S. Prasada Rao & Christopher J. O’Donnell & George E. Battese, 2005. "An Introduction to Efficiency and Productivity Analysis," Springer Books, Springer, edition 0, number 978-0-387-25895-9, November.
    7. Marques, Rui Cunha, 2006. "A yardstick competition model for Portuguese water and sewerage services regulation," Utilities Policy, Elsevier, vol. 14(3), pages 175-184, September.
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