Exact(9)
The European Union opened high-speed, cross-border rail service to competition at the beginning of this year.
From the beginning, the plans of the two large carriers to create a coast-to-coast, cross-border rail network have been both praised and condemned.
The line stands to benefit from the liberalisation of the cross-border rail market, with Deutsche Bahn planning to run services between London and Cologne, Frankfurt, Amsterdam and Brussels by 2013, challenging Eurostar's dominance.
Thus the European Investment Bank could launch a big (say €300 billion, or $383 billion) expansion in investments such as faster cross-border rail links or more integrated electricity grids and raise the money by issuing bonds, which the ECB could buy in the secondary market.
But although some progress has been made in designating cross-border rail "corridors", the plan will not get far unless there is more choice and competition.Newer, private rail-freight firms complain that their attempts to get into the market are frustrated by the incumbents.
Wales should also have a greater role in appointing rail franchises for cross-border rail services.
Similar(51)
No cross-border raid was involved.
° forming a new coalition on transport links, championing the northern extension of the new high speed rail network, improving the east coast mainline and cross-border local rail services.
The officers met at Panmunjom on the border, where they discussed issues related to the cross-border cargo rail service resumed last month after more than half a century.
Among other things, the completed actions include "setting out technical specifications for telematic applications for rail passenger service," which has something to do with making it easier to buy tickets for cross-border train travel.
On Monday, a new rail passage across the Pyrenees mountains was inaugurated between Figueres, in Spain, and Perpignan, on the French side — a significant step toward completing a cross-border, high-speed rail link connecting Paris, Barcelona and Madrid.
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