A lecture to the Lithuanian Free Market Institute on the lessons from rail privatization in the UK

1. LESSONS FROM UK RAIL PRIVATIZATION Iain Murray MA MBA DIC Senior Fellow Competitive Enterprise Institute Washington DC

2. Railways Act 1996

3. The success of privatization Ridership up, revenues up, accidents down

4. Passenger Journeys Climbing

5. Revenues Rising

8. A Safer Railway

9. The Downside The infrastructure problem and the collapse of Railtrack

10. 1999

11. A Significant Infrastructure Problem

20. Considerations for Privatization High Low-Medium Disruption High Medium Cost Delayed Quick Ease of Privatization High Medium Competition Separated Model Integrated Model