The Financial Performance of Non-Urban Passenger Rail Services

The paper has three parts. It first summarizes the main factors that influence the costs and fare box cost recovery of rail passenger services, with illustrations from a range of different countries in which the Bank is involved in rail passenger o...

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Main Authors:	Amos, Paul, Bullock, Richard
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCESSIBILITY ACCOUNT ACCOUNTING ACCOUNTING SYSTEMS ACCOUNTS ADMINISTRATIVE COSTS AIR AIR CONDITIONING ALTERNATIVE MODES ALTERNATIVE USE ASSETS AVERAGE COSTS AVERAGE SPEED BRIDGE BUDGETARY SUPPORT BUS BUSES CAR CARRIAGES CARS CONCRETE COST ALLOCATION COST RECOVERY COST SAVINGS CUSTOMER SERVICE DEBT DEPRECIATION DIESEL DIESEL FUEL DIRECT COSTS DISCOUNT RATE DRIVERS DRIVING EARTHWORKS EAST EUROPE EFFICIENT USE OF TRANSPORT RESOURCES EXPENDITURE FARE EVASION FARES FINANCIAL PERFORMANCE FIXED COSTS FRAMEWORK FREIGHT FREIGHT SERVICES FREIGHT TRAFFIC FREIGHT TRAINS FUEL FUEL CONSUMPTION FUEL COSTS GRINDING HAULAGE HIGH TRAFFIC DENSITY INCOME INCOME GROUPS INCOME LEVELS INFRASTRUCTURE COST INFRASTRUCTURE COSTS LOAD FACTORS LOADING LOCOMOTIVE LOCOMOTIVE AVAILABILITY LOCOMOTIVE MAINTENANCE LOCOMOTIVES LONG-DISTANCE MAINTENANCE COSTS MANAGERIAL EFFICIENCY MARKETING MIDDLE INCOME COUNTRIES MOTIVE POWER MU NATIONAL RAILWAY NATIONAL TRANSPORT OVERHEAD PASSENGER FARES PASSENGER OCCUPANCY PASSENGER RAIL PASSENGER REVENUE PASSENGER SERVICE PASSENGER SERVICES PASSENGER TRAFFIC PASSENGER TRAIN PASSENGER TRAINS PASSENGERS PERIODIC MAINTENANCE POPULATION DENSITY PRODUCTIVITY PUBLIC TRANSPORT PUBLIC TRANSPORT SERVICES PUBLIC TRANSPORT USE PURCHASE PRICE QUALITY OF SERVICE RAIL COSTS RAIL FREIGHT RAIL INFRASTRUCTURE RAIL LINES RAIL PASSENGER RAIL SERVICES RAIL TRACK RAIL TRAFFIC RAIL TRANSPORT RAIL TRANSPORT SECTOR RAILWAY RAILWAY BUSINESS RAILWAY LINE RAILWAY MANAGEMENT RAILWAY SERVICES RAILWAY SYSTEMS RAILWAY TERMS RAILWAYS RATE OF RETURN REAL INTEREST RATE RETURN ON CAPITAL REVENUE PER PASSENGER ROAD ROAD INFRASTRUCTURE ROAD TRANSPORT ROUTE ROUTES ROUTINE MAINTENANCE SAFETY SALES SELLING SLEEPERS SPEEDS STATIONS STRUCTURES SUB-SAHARAN AFRICA TERRAIN TRAFFIC TRAFFIC ACCIDENTS TRAFFIC CONGESTION TRAFFIC DENSITY TRAFFIC LEVELS TRAFFIC UNITS TRAFFIC VOLUME TRAFFIC VOLUMES TRAIN CONTROL TRAINS TRANSPORT TRANSPORT MODE TRANSPORT PLANNERS TRANSPORT SECTOR TRANSPORT SERVICE TRANSPORT SYSTEMS TRAVEL SPEED TRAVEL TIME TRIP TRIPS TRUE UNDERPINNING UNIT COSTS URBAN PASSENGER URBAN RAIL VANS VARIABLE COSTS VEHICLE VEHICLE EMISSIONS VEHICLES WAGE RATES WAGES WAGONS WESTERN EUROPE
Online Access:	http://documents.worldbank.org/curated/en/2007/09/9117912/financial-performance-non-urban-passenger-rail-services http://hdl.handle.net/10986/17412

id	okr-10986-17412
recordtype	oai_dc
spelling	okr-10986-174122021-04-23T14:03:36Z The Financial Performance of Non-Urban Passenger Rail Services Amos, Paul Bullock, Richard ACCESSIBILITY ACCOUNT ACCOUNTING ACCOUNTING SYSTEMS ACCOUNTS ADMINISTRATIVE COSTS AIR AIR CONDITIONING ALTERNATIVE MODES ALTERNATIVE USE ASSETS AVERAGE COSTS AVERAGE SPEED BRIDGE BUDGETARY SUPPORT BUS BUSES CAR CARRIAGES CARS CONCRETE COST ALLOCATION COST RECOVERY COST SAVINGS CUSTOMER SERVICE DEBT DEPRECIATION DIESEL DIESEL FUEL DIRECT COSTS DISCOUNT RATE DRIVERS DRIVING EARTHWORKS EAST EUROPE EFFICIENT USE OF TRANSPORT RESOURCES EXPENDITURE FARE EVASION FARES FINANCIAL PERFORMANCE FIXED COSTS FRAMEWORK FREIGHT FREIGHT SERVICES FREIGHT TRAFFIC FREIGHT TRAINS FUEL FUEL CONSUMPTION FUEL COSTS GRINDING HAULAGE HIGH TRAFFIC DENSITY INCOME INCOME GROUPS INCOME LEVELS INFRASTRUCTURE COST INFRASTRUCTURE COSTS LOAD FACTORS LOADING LOCOMOTIVE LOCOMOTIVE AVAILABILITY LOCOMOTIVE MAINTENANCE LOCOMOTIVES LONG-DISTANCE MAINTENANCE COSTS MANAGERIAL EFFICIENCY MARKETING MIDDLE INCOME COUNTRIES MOTIVE POWER MU NATIONAL RAILWAY NATIONAL TRANSPORT OVERHEAD PASSENGER FARES PASSENGER OCCUPANCY PASSENGER RAIL PASSENGER REVENUE PASSENGER SERVICE PASSENGER SERVICES PASSENGER TRAFFIC PASSENGER TRAIN PASSENGER TRAINS PASSENGERS PERIODIC MAINTENANCE POPULATION DENSITY PRODUCTIVITY PUBLIC TRANSPORT PUBLIC TRANSPORT SERVICES PUBLIC TRANSPORT USE PURCHASE PRICE QUALITY OF SERVICE RAIL COSTS RAIL FREIGHT RAIL INFRASTRUCTURE RAIL LINES RAIL PASSENGER RAIL SERVICES RAIL TRACK RAIL TRAFFIC RAIL TRANSPORT RAIL TRANSPORT SECTOR RAILWAY RAILWAY BUSINESS RAILWAY LINE RAILWAY MANAGEMENT RAILWAY SERVICES RAILWAY SYSTEMS RAILWAY TERMS RAILWAYS RATE OF RETURN REAL INTEREST RATE RETURN ON CAPITAL REVENUE PER PASSENGER ROAD ROAD INFRASTRUCTURE ROAD TRANSPORT ROUTE ROUTES ROUTINE MAINTENANCE SAFETY SALES SELLING SLEEPERS SPEEDS STATIONS STRUCTURES SUB-SAHARAN AFRICA TERRAIN TRAFFIC TRAFFIC ACCIDENTS TRAFFIC CONGESTION TRAFFIC DENSITY TRAFFIC LEVELS TRAFFIC UNITS TRAFFIC VOLUME TRAFFIC VOLUMES TRAIN CONTROL TRAINS TRANSPORT TRANSPORT MODE TRANSPORT PLANNERS TRANSPORT SECTOR TRANSPORT SERVICE TRANSPORT SYSTEMS TRAVEL SPEED TRAVEL TIME TRIP TRIPS TRUE UNDERPINNING UNIT COSTS URBAN PASSENGER URBAN RAIL VANS VARIABLE COSTS VEHICLE VEHICLE EMISSIONS VEHICLES WAGE RATES WAGES WAGONS WESTERN EUROPE The paper has three parts. It first summarizes the main factors that influence the costs and fare box cost recovery of rail passenger services, with illustrations from a range of different countries in which the Bank is involved in rail passenger operations. Second, it provides a generalized passenger service costing model, including indicative sets of input unit costs representing different levels of efficiency: this model is used for illustrative purposes in this paper but the structure can be readily applied by transport planners and policy-makers, with use of local parameters, in developing and transition countries. Third, it illustrates the cost drivers of services and the sensitivity of costs to different market and operational drivers. This report also addresses the sensitivity of cost to changes in key scenario assumptions. This shows that operating costs are minimized (but revenue not necessarily maximized) when operating speed is around 80 km/h. Above that speed, above-rail unit costs gradually increase as continuing reductions in time-related costs, principally rolling stock capital cost, are progressively offset by increased fuel consumption and equipment maintenance. Infrastructure maintenance costs also increase significantly with speed because of the need for higher quality track. 2014-03-26T21:11:26Z 2014-03-26T21:11:26Z 2007-09 http://documents.worldbank.org/curated/en/2007/09/9117912/financial-performance-non-urban-passenger-rail-services http://hdl.handle.net/10986/17412 English en_US Transport paper series;no. TP-14 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCESSIBILITY ACCOUNT ACCOUNTING ACCOUNTING SYSTEMS ACCOUNTS ADMINISTRATIVE COSTS AIR AIR CONDITIONING ALTERNATIVE MODES ALTERNATIVE USE ASSETS AVERAGE COSTS AVERAGE SPEED BRIDGE BUDGETARY SUPPORT BUS BUSES CAR CARRIAGES CARS CONCRETE COST ALLOCATION COST RECOVERY COST SAVINGS CUSTOMER SERVICE DEBT DEPRECIATION DIESEL DIESEL FUEL DIRECT COSTS DISCOUNT RATE DRIVERS DRIVING EARTHWORKS EAST EUROPE EFFICIENT USE OF TRANSPORT RESOURCES EXPENDITURE FARE EVASION FARES FINANCIAL PERFORMANCE FIXED COSTS FRAMEWORK FREIGHT FREIGHT SERVICES FREIGHT TRAFFIC FREIGHT TRAINS FUEL FUEL CONSUMPTION FUEL COSTS GRINDING HAULAGE HIGH TRAFFIC DENSITY INCOME INCOME GROUPS INCOME LEVELS INFRASTRUCTURE COST INFRASTRUCTURE COSTS LOAD FACTORS LOADING LOCOMOTIVE LOCOMOTIVE AVAILABILITY LOCOMOTIVE MAINTENANCE LOCOMOTIVES LONG-DISTANCE MAINTENANCE COSTS MANAGERIAL EFFICIENCY MARKETING MIDDLE INCOME COUNTRIES MOTIVE POWER MU NATIONAL RAILWAY NATIONAL TRANSPORT OVERHEAD PASSENGER FARES PASSENGER OCCUPANCY PASSENGER RAIL PASSENGER REVENUE PASSENGER SERVICE PASSENGER SERVICES PASSENGER TRAFFIC PASSENGER TRAIN PASSENGER TRAINS PASSENGERS PERIODIC MAINTENANCE POPULATION DENSITY PRODUCTIVITY PUBLIC TRANSPORT PUBLIC TRANSPORT SERVICES PUBLIC TRANSPORT USE PURCHASE PRICE QUALITY OF SERVICE RAIL COSTS RAIL FREIGHT RAIL INFRASTRUCTURE RAIL LINES RAIL PASSENGER RAIL SERVICES RAIL TRACK RAIL TRAFFIC RAIL TRANSPORT RAIL TRANSPORT SECTOR RAILWAY RAILWAY BUSINESS RAILWAY LINE RAILWAY MANAGEMENT RAILWAY SERVICES RAILWAY SYSTEMS RAILWAY TERMS RAILWAYS RATE OF RETURN REAL INTEREST RATE RETURN ON CAPITAL REVENUE PER PASSENGER ROAD ROAD INFRASTRUCTURE ROAD TRANSPORT ROUTE ROUTES ROUTINE MAINTENANCE SAFETY SALES SELLING SLEEPERS SPEEDS STATIONS STRUCTURES SUB-SAHARAN AFRICA TERRAIN TRAFFIC TRAFFIC ACCIDENTS TRAFFIC CONGESTION TRAFFIC DENSITY TRAFFIC LEVELS TRAFFIC UNITS TRAFFIC VOLUME TRAFFIC VOLUMES TRAIN CONTROL TRAINS TRANSPORT TRANSPORT MODE TRANSPORT PLANNERS TRANSPORT SECTOR TRANSPORT SERVICE TRANSPORT SYSTEMS TRAVEL SPEED TRAVEL TIME TRIP TRIPS TRUE UNDERPINNING UNIT COSTS URBAN PASSENGER URBAN RAIL VANS VARIABLE COSTS VEHICLE VEHICLE EMISSIONS VEHICLES WAGE RATES WAGES WAGONS WESTERN EUROPE
spellingShingle	ACCESSIBILITY ACCOUNT ACCOUNTING ACCOUNTING SYSTEMS ACCOUNTS ADMINISTRATIVE COSTS AIR AIR CONDITIONING ALTERNATIVE MODES ALTERNATIVE USE ASSETS AVERAGE COSTS AVERAGE SPEED BRIDGE BUDGETARY SUPPORT BUS BUSES CAR CARRIAGES CARS CONCRETE COST ALLOCATION COST RECOVERY COST SAVINGS CUSTOMER SERVICE DEBT DEPRECIATION DIESEL DIESEL FUEL DIRECT COSTS DISCOUNT RATE DRIVERS DRIVING EARTHWORKS EAST EUROPE EFFICIENT USE OF TRANSPORT RESOURCES EXPENDITURE FARE EVASION FARES FINANCIAL PERFORMANCE FIXED COSTS FRAMEWORK FREIGHT FREIGHT SERVICES FREIGHT TRAFFIC FREIGHT TRAINS FUEL FUEL CONSUMPTION FUEL COSTS GRINDING HAULAGE HIGH TRAFFIC DENSITY INCOME INCOME GROUPS INCOME LEVELS INFRASTRUCTURE COST INFRASTRUCTURE COSTS LOAD FACTORS LOADING LOCOMOTIVE LOCOMOTIVE AVAILABILITY LOCOMOTIVE MAINTENANCE LOCOMOTIVES LONG-DISTANCE MAINTENANCE COSTS MANAGERIAL EFFICIENCY MARKETING MIDDLE INCOME COUNTRIES MOTIVE POWER MU NATIONAL RAILWAY NATIONAL TRANSPORT OVERHEAD PASSENGER FARES PASSENGER OCCUPANCY PASSENGER RAIL PASSENGER REVENUE PASSENGER SERVICE PASSENGER SERVICES PASSENGER TRAFFIC PASSENGER TRAIN PASSENGER TRAINS PASSENGERS PERIODIC MAINTENANCE POPULATION DENSITY PRODUCTIVITY PUBLIC TRANSPORT PUBLIC TRANSPORT SERVICES PUBLIC TRANSPORT USE PURCHASE PRICE QUALITY OF SERVICE RAIL COSTS RAIL FREIGHT RAIL INFRASTRUCTURE RAIL LINES RAIL PASSENGER RAIL SERVICES RAIL TRACK RAIL TRAFFIC RAIL TRANSPORT RAIL TRANSPORT SECTOR RAILWAY RAILWAY BUSINESS RAILWAY LINE RAILWAY MANAGEMENT RAILWAY SERVICES RAILWAY SYSTEMS RAILWAY TERMS RAILWAYS RATE OF RETURN REAL INTEREST RATE RETURN ON CAPITAL REVENUE PER PASSENGER ROAD ROAD INFRASTRUCTURE ROAD TRANSPORT ROUTE ROUTES ROUTINE MAINTENANCE SAFETY SALES SELLING SLEEPERS SPEEDS STATIONS STRUCTURES SUB-SAHARAN AFRICA TERRAIN TRAFFIC TRAFFIC ACCIDENTS TRAFFIC CONGESTION TRAFFIC DENSITY TRAFFIC LEVELS TRAFFIC UNITS TRAFFIC VOLUME TRAFFIC VOLUMES TRAIN CONTROL TRAINS TRANSPORT TRANSPORT MODE TRANSPORT PLANNERS TRANSPORT SECTOR TRANSPORT SERVICE TRANSPORT SYSTEMS TRAVEL SPEED TRAVEL TIME TRIP TRIPS TRUE UNDERPINNING UNIT COSTS URBAN PASSENGER URBAN RAIL VANS VARIABLE COSTS VEHICLE VEHICLE EMISSIONS VEHICLES WAGE RATES WAGES WAGONS WESTERN EUROPE Amos, Paul Bullock, Richard The Financial Performance of Non-Urban Passenger Rail Services
relation	Transport paper series;no. TP-14
description	The paper has three parts. It first summarizes the main factors that influence the costs and fare box cost recovery of rail passenger services, with illustrations from a range of different countries in which the Bank is involved in rail passenger operations. Second, it provides a generalized passenger service costing model, including indicative sets of input unit costs representing different levels of efficiency: this model is used for illustrative purposes in this paper but the structure can be readily applied by transport planners and policy-makers, with use of local parameters, in developing and transition countries. Third, it illustrates the cost drivers of services and the sensitivity of costs to different market and operational drivers. This report also addresses the sensitivity of cost to changes in key scenario assumptions. This shows that operating costs are minimized (but revenue not necessarily maximized) when operating speed is around 80 km/h. Above that speed, above-rail unit costs gradually increase as continuing reductions in time-related costs, principally rolling stock capital cost, are progressively offset by increased fuel consumption and equipment maintenance. Infrastructure maintenance costs also increase significantly with speed because of the need for higher quality track.
format	Publications & Research :: Working Paper
author	Amos, Paul Bullock, Richard
author_facet	Amos, Paul Bullock, Richard
author_sort	Amos, Paul
title	The Financial Performance of Non-Urban Passenger Rail Services
title_short	The Financial Performance of Non-Urban Passenger Rail Services
title_full	The Financial Performance of Non-Urban Passenger Rail Services
title_fullStr	The Financial Performance of Non-Urban Passenger Rail Services
title_full_unstemmed	The Financial Performance of Non-Urban Passenger Rail Services
title_sort	financial performance of non-urban passenger rail services
publisher	World Bank, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2007/09/9117912/financial-performance-non-urban-passenger-rail-services http://hdl.handle.net/10986/17412
_version_	1764436294811779072

The Financial Performance of Non-Urban Passenger Rail Services

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