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Investment, Modernization and Efficiency

  • Derek H. Aldcroft

Abstract

In the early years after nationalization there was no clear conception of the kind of railway system that would be required in the future. Hence no firm plans were drawn up for redesigning or reshaping the railway network. Both the Government and the British Transport Commission did, of course, realize that the railways needed modernizing, yet for many years after 1948 investment in this sector came low on the scale of priorities. The absence of a carefully conceived plan for long-term investment, the shortage of resources in the early post-war years and the competing claims of other nationalized industries meant that the railways suffered accordingly. Thus it was not until the middle of the 1950s when the Commission belatedly launched the Modernization Plan that any serious attempt was made to modernize the system.

Keywords

Railway System Select Committee Freight Train Electric Traction Passenger Traffic 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Derek H. Aldcroft 1968

Authors and Affiliations

  • Derek H. Aldcroft
    • 1
  1. 1.University of LeicesterUK

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