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09 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 fourth volume concerns the proposal for a system of licences and certificates for train drivers. NERA's estimates suggest that possible benefits to the UK resulting from this proposal would be of a smaller scale than the associated costs to UK businesses.
Visit the website for the UK Department for Transport to learn more.