Publication details
Zadlužení ČD a SŽDC
| Title in English | Indebtness of CD and SZDC |
|---|---|
| Authors | |
| Year of publication | 2007 |
| Type | Article in Proceedings |
| Conference | Rozvoj systémů osobní dopravy z hlediska respektování požadavků uživatele |
| MU Faculty or unit | |
| Citation | |
| Field | Economy |
| Keywords | railways; policy; unbundling |
| Description | The paper analyses the debts of two major railway enterprises in Czech Republic, the incumbent operator Czech Rails (CD) and the infrastructure manager Sprava zeleznicni dopravni cesty (SZDC). The paper begins with the analysis of the revenues and costs of both firms. The concrete shares of main sources of railways revenues are identified. They consist of commercial revenues, state subsidies and growth of liabilities. The main source of the increase of liabilities is generous investment programmes, especially in the field of corridor construction. The same situation will continue probably also in future due to plan of further corridor investments. |
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