Word: rails
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Dates: during 2000-2009
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...into a bargain-basement no-brainer. Thanks mostly to the increased competition, improved services and lower prices spawned by regulatory liberalization, air travel in Europe grew at an average annual rate of 4.5% between 1995 and 2005. Over the same period, the total number of miles traveled by all rail passengers chugged along at less than 1% annual average growth...
...same time, countries including Spain, Italy and France are spending billions of dollars on new high-speed railroads and rolling stock to compete with airlines. All this means one thing for travelers in Europe contemplating a switch from increasingly stressful and time-consuming air travel to more civilized rail: all aboard. (See pictures of Paris...
...most radical change arrives this December, when European Union regulations will for the first time allow all rail operators to compete with one another for passengers on international routes. The change, which comes four years after similar moves in the freight sector, is designed to open up routes that currently are controlled by state monopolies. For travelers, deregulation will mean lower prices, faster trains and greater convenience - for example, passengers now are usually forced to change to trains run by the incumbent state-owned operator when they cross into another country. Under the new rules, railroads will be able...
...RAIL AND ROAD...
Spending Big The good news from Germany is that lots of money buys lots of stuff. Halle today has a new network of fast highways and rail tracks, a renovated historic city center, ultramodern water-treatment plants, a technology center on the site of a former Soviet army base just outside town, and - most needed of all - thousands of solid new jobs in a rebuilt industrial sector that has become home to U.S. firms such as computer maker Dell and Dow Chemical. Mayor Szabados waves to a corner of her office. Leaning up against the wall there are two dozen...