INVESTMENT DROPS OFF THE CLIFF EDGE

This article describes the Railway Industry Association's recent survey of the quantity of goods and services actually being bought from its members. The survey was undertaken, in an attempt to reconcile two conflicting sets of statistics, from: (1) order shortages facing members in the home market; and (2) political citations of 'record' expenditure levels. The survey was extended back in time by industry sector, typically over a five-year period, to establish a baseline of the level of activity before the recession began to affect British Rail's finances. Demand was also projected forward, to assess long-term trends, by surveying the number of invitations to tender. The resulting picture is grim. The Association's statistics show that the railway industry's deliveries to British Rail and Railtrack have decreased sharply during the last two to three years, and seem likely to fall even more rapidly in the immediate future. These trends apply to most if not all sectors, including: (1) locomotives; (2) rolling stock; (3) signalling equipment; (4) rails; and (5) rail fastenings. This suggests a decline which private funding cannot stop quickly enough. Replacement and investment rates have been much higher on continental European railways.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/00268356
• Corporate Authors:

  Ian Allan Limited

  Terminal House
  Shepperton, Middlesex  England  TW17 8AS
• Authors:
  • GILLAN, D R
• Publication Date: 1995-3

Language

• English

Media Info

• Pagination: p. 172-3
• Serial:
  • MODERN RAILWAYS
  • Volume: 52
  • Issue Number: 558
  • Publisher: Ian Allan Publishing, Limited
  • ISSN: 0026-8356

Subject/Index Terms

• TRT Terms: Economic factors; Economics; Financing; Investments; Public transit; Railroad tracks; Railroad transportation; Statistics; Transportation
• Geographic Terms: United Kingdom
• ITRD Terms: 263: Economics of transport; 244: Financing; 227: Investment; 744: Public transport; 1173: Rail bound transport; 6555: Statistics; 8119: United Kingdom
• Subject Areas: Data and Information Technology; Economics; Transportation (General);

Filing Info

• Accession Number: 00682299
• Record Type: Publication
• Source Agency: Transport Research Laboratory
• Files: ITRD
• Created Date: Aug 17 1995 12:00AM