The objective of the railway sector is to ensure an optimal level of service quality and variety (including public interest considerations) and a high level of productive efficiency (and therefore a minimum level of subsidy where one exists).

Regulation is a vital tool for achieving the social, economic and environmental policy objectives of governments. Governments have a broad range of regulatory schemes reflecting the complex and diverse needs of their citizens, communities and economy.

This publication aims to be a guide for establishing the best regulatory framework for an optimal level of service quality and efficiency of the railway system.