Abstract The railways industry is a capital-intensive industry requiring very large initial and ongoing investment streams. Proposals to restructure the traditional state-owned monopoly railway in a particular country are often designed to address concerns not only regarding inefficient operations and monopoly stagnation but also the long-term unreliability of government financing, especially of the expensive infrastructure. In this regard, the connection between the particular rail restructuring strategy chosen by a country and the ability of the restructured entity to attract financing, especially private financing, merits a closer look.

中文翻译：

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铁路重组战略与融资之间的联系未被充分认识

摘要铁路行业是资本密集型行业，需要大量的初始和持续投资。在特定国家重组传统的国有垄断铁路的建议通常旨在解决以下问题：不仅担心运营效率低下和垄断停滞，而且还担心政府融资（尤其是昂贵的基础设施）的长期不可靠性。在这方面，一个国家选择的特定铁路重组战略与重组实体吸引融资（尤其是私人融资）的能力之间的联系值得仔细研究。