>>2036711
>rail company now owns no land, has no revenue aside from fares
>still have to pay for railroad operations and maintenance
>original line is old now, has to modernize line
now there are two situations:
>take on too much debt to pay for modernization
>fold
or:
>take the money and run
>rail company left to die due to deferred maintenance
either way:
>gov takes over the line
>vastly reduces service because unsustainable on fares alone and taxpayers don't wanna pay for that
>shitty service -> low ridership
>line gets JR Hokkaidoed because low ridership
>here's a shitty bus instead
>oops all the bus drivers retired
>no bus

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Is it really fair to call a railway profitable if all their profits stem from side gigs like selling land around the station? When the government does…