This paper is based on OED evaluations of 40 railway projects conducted between 1985 and 1992. Of these 40 projects, only 21 (52 percent) were considered satisfactory. The projects were appraised 10-20 years ago. Some of the problems emphasized -- particularly the need to reshape the railway as an institution, stressing its disengagement from the government through business-driven organization, improved commercial practices, managerial autonomy and...
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