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Risk-averse restructuring of freight railways in China

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  • Pittman, Russell

Abstract

The Chinese freight railways system has been under capacity pressure and apparently acting as a constraint on continued economic growth for several years now. Earlier government consideration of serious structural reforms has given way to an emphasis on a dramatic expansion of the track network, most conspicuously by construction of high-speed passenger lines to free capacity for freight trains. A good deal of uncertainty remains as to both whether there will be sufficient track capacity to handle the increased volumes of coal and containers necessary for continued growth, and whether the desired private investment funds will be forthcoming so long as the system remains under tight government control.

Suggested Citation

  • Pittman, Russell, 2011. "Risk-averse restructuring of freight railways in China," Utilities Policy, Elsevier, vol. 19(3), pages 152-160.
  • Handle: RePEc:eee:juipol:v:19:y:2011:i:3:p:152-160 DOI: 10.1016/j.jup.2011.01.002
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    References listed on IDEAS

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    Cited by:

    1. Liu, Wen & Lund, Henrik & Mathiesen, Brian Vad, 2013. "Modelling the transport system in China and evaluating the current strategies towards the sustainable transport development," Energy Policy, Elsevier, vol. 58(C), pages 347-357.
    2. Cui, Shana & Besanko, David, 2016. "Horizontal versus vertical separation in railway networks: Implications for network quality," Economics Letters, Elsevier, vol. 138(C), pages 78-80.
    3. David Besanko & Shana Cui, 2016. "Railway restructuring and organizational choice: network quality and welfare impacts," Journal of Regulatory Economics, Springer, pages 164-206.
    4. Zhang, Jianhua & Hu, Funian & Wang, Shuliang & Dai, Yang & Wang, Yixing, 2016. "Structural vulnerability and intervention of high speed railway networks," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 462(C), pages 743-751.

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    Keywords

    Railways; Restructuring; China; Coal; Containers;

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