A WARNING: "INCREASED APATHY TOWARD RAIL INVESTMENTS IS MORE AND MORE EVIDENT"
Imposition of the Conrail reorganization plan is said to have demoralized the market for rail obligations and dried up the capital markets to the railroad industry which is so capital intensive. This has occured at a time when the industry needs may exceed $3 billion annually and another $1 billion will be needed to refinance maturing non-equipment debt. This is the result of USRA's valuation system, and the proposed compensationon the basis of discounted net liquidation value. The long-term effect on the private sector capital markets for rail securities may require that capital in volume can come only from the government, ultimately resulting in general nationalization.
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Simmons-Boardman Publishing Corporation508 Birch Street
Bristol, CT USA 06010
- BENHAM, I H
- Publication Date: 1975-11-10
- Pagination: p. 34-35
- TRT Terms: Capital; Capital investments; Financing; Investments; Policy; Valuation
- Old TRIS Terms: Government policies; United states railway association
- Subject Areas: Economics; Finance; Policy; Railroads;
- Accession Number: 00129417
- Record Type: Publication
- Files: TRIS
- Created Date: Feb 19 1976 12:00AM