Do this essay as a mock

a) Outline the economic argument for subsidising railways (10 mks)
b) Giving examples of road pricing policies in different countries, evaluate the case for road pricing as a means of correcting market failure (15 mks)

Research this essay and then write it out in 1 hour

4 (a) With reference to data, explain why the private sector is having an increasingly important role in funding transport investment, particularly through the Private Finance Initiative (10 mks)
(b) Evaluate the use of cost benefit analysis to allocate resources in transport (15 mks)

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