14/12/2022
Europe Economics was commissioned by ACM to advise on the return on equity for rail related services for 2022-2026 in the Netherlands. This involved calculating the cost of equity (including the asset beta) in order to give this recommendation. Rail related services cover a broad range of activities including the services of passenger stations and freight terminals, storage and maintenance facilities, maritime and port facilities that are linked to rail, and services related to ticket sales in stations.