THE WORLD BANK GROUP WASHINGTON, D.C. TP-7 TRANSPORT PAPERS SEPTEMBER 2005 Public Disclosure Authorized Results of Railway Privatization in Australia and New Zealand Public Disclosure Authorized Robert Williams David Greig Ian Wallis Public Disclosure Authorized Public Disclosure Authorized TRANSPORT SECTOR BOARD RESULTS OF RAILWAY PRIVATIZATION IN AUSTRALIA AND NEW ZEALAND Robert Williams David Greig Ian Wallis TRANSPORT THE WORLD BANK SECTOR Washington, D.C. BOARD © 2005 The International Bank for Reconstruction and Development/The World Bank 1818 H Street NW Washington, DC 20433 Telephone 202-473-1000 Internet www/worldbank.org Published September 2005 The findings, interpretations, and conclusions expressed here are those of the authors and do not necessarily reflect the views of the Board of Executive Directors of the World Bank or the governments they represent. To order additional copies of this publication, please send an e-mail to the Transport Help Desk
[email protected] Transport publications are available on-line at http://www.worldbank.org/transport/ RESULTS OF RAILWAY PRIVATIZATION IN AUSTRALIA AND NEW ZEALAND iii TABLE OF CONTENTS List of Figures and Tables........................................................................................................iv Preface ................................................................................................................................ v Authors’ Acknowledgements ...................................................................................................vii