Contents: Introduction: Introductory overview; The evolution of UK transport policy. Pricing of Infrastructure: Charging for access to Railtrack’s network: some current issues, Chris Bolt; Road pricing and road finance, David M. Newbury; Pricing of infrastructures, David Starkey. How Effective is Competition?: How effective is competition? the case of rail services in Britain; Effective competition in the bus industry, John Dodgson; How effective is competition? - a comment, Chris Nash. Institutions: Is The Current Regulatory Framework Adequate?: Regulation of railways and roads: is the current framework adequate?; Integrated transport policy: implications for regulation and competition; The July 1998 transport white paper and the 1998 competition act; Regulation of bus and rail: is the current framework adequate?; Essential facilities and transport infrastructure in the EU, Trevor Soames; Essential facilities and transport infrastructure, Melanie Farqhuarson.