NEW LOOK AT POSSIBILITY OF GOVERNMENT OWNERSHIP OF RAILROAD RIGHTS-OF-WAY
This two-part report of a speech, "Problems of the Capital Crunch: Public vs. Private Capital," discusses the implications of the Railroad Revitalization and Regulatory Reform Act of 1976, tracing the role of public and private capital in railroads through their history. While it would represent a departure from American private-enterprise tradition and mythology, the author advocates serious consideration for the alternatives of nationalizing all or some of the railroads, or of public ownership of some or all or the rights-of-way, leaving the actual operations over these facilities to private corporations which would pay user charges. The 4R Act requires the Secretary of Transportation to evaluate benefits and costs of public ownership of railroad fixed plant and one means of achieving such ownership is suggested.
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Traffic Service Corporation815 Washington Building
Washington, DC United States 20005
- Weller, J
- Publication Date: 1976-12-7
- Pagination: 7 p.
- TRT Terms: Abandonment; Bankruptcy; Capital; Consolidations; Financing; Industry structure; Nationalization; Ownership
- Identifier Terms: Railroad Revitalization and Regulatory Reform Act of 1976; U.S. Interstate Commerce Commission
- Subject Areas: Administration and Management; Finance; Railroads;
- Accession Number: 00139308
- Record Type: Publication
- Files: TRIS
- Created Date: Oct 6 1976 12:00AM