Identification of variables proposed for inclusion into a regional railway corridor transportation economic regulatory framework: A case of the Southern African Development Community North–South Corridor

Journal of Transport and Supply Chain Management


 
 
Field Value
 
Title Identification of variables proposed for inclusion into a regional railway corridor transportation economic regulatory framework: A case of the Southern African Development Community North–South Corridor
 
Creator Sakanga, Lubinda M. Mwanaumo, Erastus Thwala, Wellington D.
 
Subject Economic Regulation; Railway Transport railway economic regulation; property rights; railway corridor market; competition
Description Background: Economic regulation involves provision of rules, systems or alteration of the allocation of resources and/or distribution of income in a manner preferred to that which could have occurred in the absence of such upheld regulations. As railway transportation continues to be recognised as an essential contributor to the economic development of many economies, because of its comparative advantage in surface transportation of bulk and heavy cargo, the competition from the road trucking and its market dominance stands as an increasing threat.Objective: This article recommends economic factors that can be assessed for significance as variables for inclusion into a regional railway corridor transportation economic regulatory framework for enhancing competitiveness of rail operations in the Southern African Development Community (SADC) using the case of the North–South Corridor (NSC).Method: An appraisal of economic theories and global practices are the basis used for recommending the economic factors. The different forms of corridor freight competition, the importance of property rights within the context of roles and responsibilities of railway corridor stakeholders, and the parameters determining the level of freight service are also appraised in arriving at the recommended variables.Results: Identified variables are: corridor governance; commercial obligations of corridor parties; corridor rail service design; countering existent forms of corridor competition; and property rights allocation.Conclusion: It is concluded that appropriate optimisation of the determined variables will enhance railway corridor economic efficiency and facilitate for the measurement of railway corridor economic competitiveness by attracting investment, pricing for freight services, predictability of operations, quality of freight service, safety and security, increasing freight market share and competition against road freight transportation.
 
Publisher AOSIS
 
Contributor
Date 2020-11-03
 
Type info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion — Literature Analysis
Format text/html application/epub+zip text/xml application/pdf
Identifier 10.4102/jtscm.v14i0.504
 
Source Journal of Transport and Supply Chain Management; Vol 14 (2020); 11 pages 1995-5235 2310-8789
 
Language eng
 
Relation https://jtscm.co.za/index.php/jtscm/article/view/504/955 https://jtscm.co.za/index.php/jtscm/article/view/504/954 https://jtscm.co.za/index.php/jtscm/article/view/504/956 https://jtscm.co.za/index.php/jtscm/article/view/504/953
 
Coverage Global SADC Ethnicity
Rights Copyright (c) 2020 Lubinda Mufalo Sakanga https://creativecommons.org/licenses/by/4.0