SPECIAL FEATURES OF RAILWAY

1. PUBLIC UTILITY SERVICES

2. MONOPOLY

3. HUGE INVESTMENTS

4. PREVILEGES

5. SPECIAL RATE FIXATION

6. NON TRANSFERABLE 

1. Public Utility Service:

Railways provide an essential service to the public. It being a public utility service, requires protection and investments by government.

2. Monopoly:

Railways have monopoly in India. The rail transport is managed by the Railways Department of the Central Government. No private operator is allowed to enter this transport sector.

3. Huge Investments:

The railways require huge investments for purchase of land, laying of tracks, constructing railway stations and sheds, buying automobiles, etc. No single individual can afford to make all these investments.

4. Privileges:

The railways require special privileges to provide efficient transport service. Railways’ require special property rights for purchase of land, construction of bridges and railway lines.

5. Special Rate Fixation:

The railways fix separate rate for passengers and goods traffic. The same rates are applicable to all persons and all areas of the country. Rail services are available to all members or the public on equal terms.

6. Non-transferability:

Once the railway lines are laid down then these tracks cannot be used for any other purpose. So railway services are non- transferable. 

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