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[Article] Auditors say CIÉ's status as going concern at risk
http://www.irishtimes.com/newspaper/...326573760.html
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I've no idea why it is meant to be run as a going concern or as a company at all. It should be nationalised properly and operated as a public service. Money taken in in fares goes straight back to government coffers and there is no expectation that it has to cover its own costs.
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http://www.independent.ie/national-n...s-3293793.html
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Yup, but the NTA does not own any trains, nor is in the business of buying them. Bus is different
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http://www.irishtimes.com/newspaper/...326607555.html
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The question is: just what do we want our railways to be?
Are they a public service, with social benefits that can't be quantified financially, or a transport provider driven by profit? One will inevitably generate monetary losses and the other will involve closures. Railways can be a mixture of both, where some services can turn a profit (although in Britain, the vaguaries of franchising mean 'profit' is subjective) which supports routes which are loss making and yet feed passengers onto the profitable routes. |
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