Rail regulation refers to the framework of laws, policies, and oversight mechanisms that govern the operation, safety, and financial aspects of rail transport. Regulatory bodies are typically established by governments to ensure that rail services are operated in a safe, efficient, and fair manner. The primary objectives of rail regulation include: 1. **Safety Assurance**: Ensuring that rail operations meet safety standards to protect passengers, employees, and the general public. This includes regulations for track maintenance, train operations, and equipment standards.
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