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Financing the Freight Railway Infrastructure: An Underappreciated Policy Option?

Author

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  • Pittman, Russell

Abstract

Reform and restructuring of state-owned monopoly freight railways have generally followed one of two strategies. Each has had some success, but the European model of competing train operating companies over a monopoly track has suffered from a lack of reliable infrastructure funding, while the Americas model of competition among vertically integrated railways has suffered from the difficulty of protecting “captive” shippers. This paper proposes a third option that arguably addresses the weaknesses of both models: the “competitive rules joint venture” already observed in US, Canadian, and Mexican port and belt railroads.

Suggested Citation

  • Pittman, Russell, 2026. "Financing the Freight Railway Infrastructure: An Underappreciated Policy Option?," MPRA Paper 128816, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:128816
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    File URL: https://mpra.ub.uni-muenchen.de/128816/1/MPRA_paper_128816.pdf
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    Keywords

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    JEL classification:

    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning

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