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22 November 2004
By Michael Spackman et al.
In 2004 NERA was commissioned by the UK Department of Transport to assist in assessing the impacts of the four proposed items of European Union legislation known as the Third Railway Package. NERA's role was to prepare the evidence base, including quantified costs and benefits of the proposed legislation and alternative options, which would allow the Department to prepare a fully costed regulatory impact assessment of the Package.
The resulting report consists of four volumes, one for each proposal, as follows:
This first volume concerns opening up the market for international rail passenger services. NERA concluded that, while the European Commission's proposal may have the potential to change certain rail markets in Europe, it was unlikely to result in new services in the UK.
Visit the website for the UK Department for Transport to learn more.