Abstract:The aim of this paper is to find out whether the cost shocks occur in the passenger rail transport, whether it can cause problems of financing as well as to evaluate the ways which are used by the purchaser of public transport to change the subsidy for carriers in case of cost shock.
Results have shown that costs shocks can negatively impact financing of the subsidised passenger railway transport, so purchasers of the transport services must be extremely cautious in setting the tender documentation. So that pu… Show more
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