If you were to privatise some passenger trains safety would become a big factor (look at England). A railway equivalent of the IAA would be required to monitor and ENFORCE maintaince and operation procedures. I don't think some people realise how much statutory legislation is involved in civil aviation operations in order to make sure that safety is prioritized as far as possible over commercial interests and that at the very least is what would be required privitised on railways in order to avoid reoccurance of the issues that arose on our neighbours railways.
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