Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain to Privatise Rail Services From Early 2014

Thu 5th Dec 2013
Spain to Privatise Rail Services From Early 2014

Earlier this week Spain's Minister of Development announced how a number of the country's rail services would be opened up to the private sector from early next year.

Ana Pastor told the Spanish press how the measure "Can not be done overnight because it would be inefficient for the new entrant and for the public operator", she said, indicating that the process of granting operating licences would follow studies to determine future growth potential.

According to the Ministry of Development, opening up the Rail sector to competition will create a greater range of services and more competitive fares, while at the same time increasing rail use and optimising the level of public support for the railway. It would also enable state-run RENFE 'to operate efficiently in other markets'.

The Minister also confirmed a new railway safety agency would be established,along with certain other measures to be created by the government following the fatal derailment in Galicia earlier this year.

RENFE is drafting new rules of operation to prohibit the use of mobile phones by train drivers except in an emergency, while a programme to fit all trains with black boxes was also being discussed.

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs