Re: Strictly come dancing in the aisles ?
- From: bobrayner <bobrayner@xxxxxxxxx>
- Date: Mon, 25 Feb 2008 08:11:21 -0800 (PST)
On 25 Feb, 09:50, dyonisien <jbourd...@xxxxxxxx> wrote:
On 24 fév, 13:03, Mwmbwls <robertg.robin...@xxxxxxxxxx> wrote:> [...]
Mr High-speed Europe
Feb 21st 2008
From The Economist print edition
Guillaume Pepy, France's railway boss, is revitalising Europe's train
network
[...]
Praise hail a manager !
But "Mind the gap"...
...between the facts and the story painted in The Economist .
[...]
But the high-speed trains made barely any profit for their
first 16 years. That changed in 1997 when Mr Pepy took charge,
[...]
The investment for ~400km new HS line between Paris and Lyon was paid
entirely by SNCF on loans and was paid back in about ten years.
Could they at The Economist tell which HSL in the world was paid back
so easily ?
The subsequent HS lines to the southwest and to the north led to a
high debt of SNCF. Rather than been written off by the state, as in
Germany or in Spain, most of this debt was written away into the
accounts of the new created company RFF responsible for the
infrastructure.
Really? "In 1991, the government agreed to set aside FFr40 billion of
debt connected to the TGV... in June 1996, the French government
announced that it will take responsibility for two-thirds of the SNCF
debt, amounting to FFr125 billion"
http://www.jrtr.net/jrtr08/pdf/f31_bat.pdf
But even if German infrastructure costs were paid off directly by the
government whilst French costs were not, is there really a big
difference between these two cases?
1. A business that borrows lots of money to build infrastructure, then
has the loans repaid by government;
2. A business that borrows lots of money to build infrastructure, then
makes its own repayments - but needs regular government subsidy.
I think the difference is not so great.
Paris-Lyon is not the only part of the network, so I think it's a
little misleading to consider it in isolation (though it was
successful). It was the lowest-hanging fruit, and to expand the
network, it would be necessary to spend increasing amounts of money on
each additional passenger-km...
I've found a little through google:
http://ieeexplore.ieee.org/iel3/1152/1871/00051917.pdf?tp=&isnumber=&arnumber=51917
http://www.uctc.net/papers/100.pdf
However, it would be good to see more detailed analysis. Can anybody
help? :-)
.
- References:
- Strictly come dancing in the aisles ?
- From: Mwmbwls
- Re: Strictly come dancing in the aisles ?
- From: dyonisien
- Strictly come dancing in the aisles ?
- Prev by Date: Re: Deltic at Quainton!
- Next by Date: Re: Deltic at Quainton!
- Previous by thread: Re: Strictly come dancing in the aisles ?
- Next by thread: Spitfire Railtours Debut - Deltic 22 to Edinburgh
- Index(es):
Relevant Pages
|
