If it works as well as competition in the electricity market did, it would be best if things stay as they are. It will also end up costing an absolute fortune to buy the unions off. Either that or Irish Rail will end up with a massive amount of redundant staff they can't afford to make redundant.
The Luas is a different case entirely. Firstly, it was new and secondly, it is a different mode of transport to either the buses or the railway, so it wouldn't necessarily fall under the wings of either Dublin Bus or Irish Rail.
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