@KeithEremko itโs the standard model for national passenger rail almost everywhere (Amtrak in the US, most European operators included). Youโd know this if you did a little research.
@KeithEremko itโs a public-private partnership where government absorbs most capital risk, and the justification is macroeconomic (GDP, jobs, mode-shift) rather than a business case with positive ROI on the rail operation itself.