Regulating the SADC Regional Railway Corridors for Investments

Journal of Transport and Supply Chain Management

Field Value
Title Regulating the SADC Regional Railway Corridors for Investments
Creator Sakanga, Lubinda M. Mwanaumo, Erastus M. Thwala, Wellington D.
Subject Transport Economic Regulation regional railway corridor; railway economic regulation; investment; transport policy; subsidies; economic rents
Description Background: According to the Southern African Development Community (SADC) the Southern African railway network extends homogenously through 1067mm cape gauge across 12 of the 15 SADC nations. Nonetheless, the network is constrained from efficient and effective operation due to insufficient investment in maintaining and upgrading affected tracks and equipment apart from inadequate human capital. This article presents the case of regulation as a plausible solution.Objectives: To advocate for railway economic regulation as a means for enabling investment in SADC regional railway corridors.Method: Literature review on global best practices on regulation that induces transport and infrastructure sector investment, and a market research study on railway corridor investment policy assertions and Economic Regulation of the Regional Railway Corridor for Investment.Results: Current SADC regional railway corridor markets do not encourage steady or sustainable investments and there is a need for further exploration on more investment subsidies and crowding-in on intergovernmental agreements for pertinent development.Conclusion: Attracting investments into a railway corridor market is an aspect of economic regulation, which necessitates the establishment of market confidence, predictability, and transparency, as observed in Brazil. The legislative provisions, market access codes, and incentives as implemented in the USA, Europe, Australia, and Japan are also crucial investment inducement.Contribution: The articles presents a profound approach to regional railway corridor investments consideration as it puts to questions the current practice of isolated sovereign attempts. It advocates for joint intergovernmental effort for sustainable and competitive regional railway corridor investments.
Publisher AOSIS
Contributor University of Johannesburg
Date 2024-02-15
Type info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion — Literary Analysis; Survey
Format text/html application/epub+zip text/xml application/pdf
Identifier 10.4102/jtscm.v18i0.934
Source Journal of Transport and Supply Chain Management; Vol 18 (2024); 12 pages 1995-5235 2310-8789
Language eng
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Coverage Southern Africa Third Trimester Above 30 years old; Male; Female; African and other
Rights Copyright (c) 2024 Lubinda M. Sakanga, Erastus M. Mwanaumo, Wellington D. Thwala