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A Single European Rail Market

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Document pages: 12 pages

Abstract: This article outlines the history and future of EU railway integration. Europe is constructing a single integrated market for passenger and rail services, by splitting rail services (engines and wagons) from support (tracks and traction power) and by integrating market incentives to reward efficiency and replace politicized state subsidization with market economics. Challenges facing the EU Rail market are signalling systems for high speed transit trains, differential voltages, and even different track widths (gauges). Opportunities include intermodal rail, high speed transit trains, and maglev. Basic principles of competition law (antitrust) will increasingly find application in EU rail law due to the directives. This article describes the various current railway directives using the spate of recent cases to bring out the relevant legal and technical details.

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