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Action for Public Transport (N.S.W.) Inc.
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IPART Round Table on CityRail Regulatory Framework - Report
posted Friday 1 August 2008
The NSW Independent Pricing and Regulatory Tribunal (IPART) held a round-table "stakeholder" discussion about its task of developing "a new economic regulatory framework for CityRail that will create better incentives for it to provide passenger rail services at efficient cost levels" on 31 July.
Invited to the table were Ministry of Transport, RailCorp (owner of CityRail), Action for Public Transport, Commuter Council, Council of Social Service of NSW (NCOSS), Western Sydney Regional Organisation of Councils (WSROC), and the Rail Tram and Bus Union. There were about 30 people in the public gallery. They too participated in the discussion at the invitation of the Chairman, IPART's Dr. Michael Keating. IPART had chosen four topics for discussion, following the lodging of public submissions on two discussion papers, which had closed on 18 July.
The topics were-
- The approach to be used to determine CityRail's revenue requirements,
- Determining CityRail's regulatory asset base, its costs, and cost efficiency,
- The external beneficiaries of CityRail's train services, and the ratio of sharing of its funding between passengers and taxpayers, and
- A proposed fare structure.
The proceedings should appear on IPART's website in about one week's time. The Chairman sought additional information from particular participants, and issued a general invitation for more input on particular issues, eg, external beneficiaries. IPART will issue draft determinations for comment in about mid-September 2008.
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