Tuesday, 17 April 2012

Georgian Railways show the way forward?

This from Mrs AP Tis...

I don't know if you've seen the FT today (of course, Ed) but Eye favourite Robert Wright has a piece on Georgian Railways' plans to be the first state controlled railway monopoly to list on the London Stock Exchange.

The last two lines of Mr Wright's piece in the Pink 'Un are most interesting:

Mr Ezugbaia said the company was listing itself as an undivided, integrated organisation to mimic the structure of large, North American railroads, such as Union Pacific and CSX. Those companies own their own track, locomotives and wagons, instead of dividing the infrastructure and operations as normally happens in the European Union.

“We found that this exact strategy is the way to be oriented to successful growth for the railway operations,” Mr Ezugbaia said.

Says it all really.