GLOBAL RAILWAY BUSINESS - I QUARTER 2021 OVERVIEW OF MAJOR RAIL EVENTS
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GLOBAL RAILWAY BUSINESS OVERVIEW OF MAJOR RAIL EVENTS I QUARTER 2021 www.infraeconomy.fr info@infraeconomy.fr
EXECUTIVE SUMMARY BUSINESS HEALTH 01 Q1 showed a usual level of activity, even for traditional and high-speed rail transportation which is boosted by environmental programmes, mainly in the EU. Most activities in Q1 referred to urban mobility, as well as to rolling stock production and delivery, where the pandemic crisis does not seem to impact much on the number or volumes of business deals. INVESTMENTS AND FINANCING 02 A natural decline in total amount of investments was observed with lower than before levels of interstate and institutional financing from development banks. New focus of support and simultaneously active development – urban mobility, in EU and especially in the USA, where support funding was also enlarged for national operator Amtrak. NEW TECHNOLOGIES AND DIGITAL TRANSFORMATION 03 Climate agenda fosters development of new types of rolling stock, more and more backed by national programmes and long-term procurement plans. Digital technologies, widely implemented in passenger transportation as a post-pandemic response and in freight transportation as a linking tool, in Q1 were mainly corporate and autonomous, without full-fledged integrative functions. Q1 - 2021 IEC Intl - Global Railway Business Overview 2
CONTENTS SCOPE OF OVERVIEW GEOGRAPHY OF GLOBAL RAILWAY BUSINESS IN Q1 2021 RAIL INVESTMENTS AND FINANCING BUSINESS STRATEGIES, M&A INTERNATIONAL INITIATIVES AND PARTNERSHIPS RAIL PERSONS RAILWAY SECTORS Q1 - 2021 IEC Intl - Global Railway Business Overview 3
SCOPE OF OVERVIEW Investments Strategies Major international and national investments. International and national initiatives. Financing from development banks Corporate strategies of railway companies. supranational organizations. Private Business development via M&A or new investments of rail companies. subsidiaries. Technologies Passenger New technologies and digital solutions for High speed, long-haul and suburban railway railways. Cooperation with non-rail passenger transportation. Services, routes technological companies. Innovations. and contracts. Station management. Construction Urban Construction, modernization and upgrade of Development of urban transportation: rail, rail infrastructure classified by cycles of metro, tram. project. Rolling stock Freight Rolling stock production and procurement. Railway freight transportation development. Passenger, freight and urban transportation News from logistics hubs. needs. SOURCES: 1. RAIL SECTOR MEDIA. Q1 - 2021 IEC Intl - Global Railway Business Overview 2. OFFICIAL INTERNET SITES OF RAILWAY COMPANIES AND ORGANIZATIONS. FOR Q1 MORE THAN 240 KEY EVENTS ARE CONSIDERED. THIS IS YET A NON-EXHAUSTIVE LIST. 4
GEOGRAPHY OF GLOBAL RAILWAY BUSINESS IN Q1 2021. TYPES OF BUSINESS PROJECTS. N E ORTHERN UROPE EASTERN EUROPE* EU AND WESTERN EUROPE NORTHERN AMERICA CENTRAL ASIA EASTERN ASIA WESTERN ASIA SOUTHERN EUROPE CENTRAL AMERICA SOUTHEASTERN ASIA SOUTHERN ASIA WESTERN AFRICA AUSTRALIA AND NEW ZEALAND SOUTH AMERICA EASTERN AFRICA COVID-19 RELATED CHANGES / PROGRAMMES NORTHERN AFRICA *including Russia. All countries considered as by UN Geoscheme, except for EU. Activities represented by decreasing number of announced projects. Size of circles approximatively corresponds to number of announced projects. INVESTMENTS NEW URBAN FREIGHT AND FINANCING TECHNOLOGIES TRANSPORT TRANSPORT Q1 - 2021 IEC Intl - Global Railway Business Overview STRATEGIES, CONSTRUCTION, PASSENGER ROLLING M&A 5 UPGRADE TRANSPORT STOCK
GEOGRAPHY OF GLOBAL RAILWAY BUSINESS IN Q1 2021. TOTAL NUMBER OF BUSINESS PROJECTS. 124 33 EU COUNTRIES, WESTERN EUROPE, NORTHERN EUROPE 19 NORTHERN AMERICA 17 EASTERN ASIA 10 EASTERN EUROPE 11 SOUTH ASIA SOUTHEAST ASIA 7 AUSTRALIA AND NEW ZEALAND 32 OTHER NUMBER OF PROJECTS INCLUDES INITIATIVES, NEW STRATEGIC DOCUMENTS AND INVESTMENT DECISIONS . Q1 - 2021 IEC Intl - Global Railway Business Overview 6
RAIL INVESTMENTS AND FINANCING INVESTMENT MIX (BY NUMBER OF PROJECTS) ORGANIZATIONS USA: Amtrak set to receive $ 1.7 bn (€ 1.4 bn) recovery EU countries support funding. and UK FTA announced $ 14 bn (€ 11.6 bn) in federal funding 5 1 allocations to support the country’s public transit systems. Development banks Supranational funding 1 Northern America Canada: 15 bn Canadian dollars (€ 9.8 bn) investment 2 announced for public transit projects over the next eight years. 12 1 3 Northern Africa Egypt: The UK Export Finance is providing a £ 1.7 bn National investments Other 5 (€ 1.92 bn) buyer credit facility for the consortium of Bombardier Transportation (leader), Orascom Australia and Construction and Arab Contractors for the Cairo 6 New Zealand monorail project. EIB signed a € 1.13 billion agreement for the TYPES OF CONFIRMED FUNDING Eastern Europe rehabilitation and expansion of metro and tram systems subsidies and in Alexandria and Cairo 11 governmental support India: 103 km Delhi – Panipat Regional Rapid Transit 5 loans Southern Europe System commuter rail corridor with estimated Rs216bn 1 grants cost of the project (€ 2.4 bn approved). 1 interstate loans Southern Asia 1 other Q1 - 2021 IEC Intl - Global Railway Business Overview 7
RAIL INVESTMENTS AND FINANCING MAJOR PROVIDERS OF INVESTMENTS AND FINANCING IN Q1 2021 (BY VOLUMES OF FINANCING) DEVELOPMENT BANKS LOCAL INTESTATE LOANS TOTAL VALUE OF ANNOUNCED PROJECTS* AND SUPRANATIONAL (EU) 89% 7% 4% € 29 bn vs. € 281 bn in Q1 2021 *non-exhaustive, as officially announced in Q1 2021; Includes investments of financing institutions and planned national KEY FACTS investments, represents total costs of funded projects. National investments continue a series of large-scale support programmes, mainly focused on urban mobility in contrast to 2020 which was more focused on rail passenger transportation. Still in the USA Amtrak has received significant support from the new Government. In Q1 no “traditional” interstate loans were announced, but there was an important credit facility from UK Export Finance for the consortium of Bombardier Transportation (leader), Orascom Construction and Arab Contractors for Egyptian project. Loans of development institutions in Q1 were relatively low in volumes. A one from EIB for Cairo and Alexandria urban rail projects and a one from the World Bank to upgrade and improve the efficiency and sustainability of Serbian rail network to be noted. Q1 - 2021 IEC Intl - Global Railway Business Overview 8
RAIL INVESTMENTS AND FINANCING. NATIONAL PROGRAMMES EU, NON-EU COUNTRIES NORTHERN AMERICA OF WESTERN AND NORTHERN EUROPE France: SNCF Réseau secured grants from the European Commission’s Innovation & USA: Federal Transit Administration (FTA) has announced a grant for Northern Networks Executive Agency and in debt financing from Caisse des Dépôts to finance Indiana Commuter Transportation District’s project to double-track 43 km of the the installation of ERTMS equipment on 252 passenger vehicles and freight South Shore commuter line between Gary and Michigan City. locomotives. Cost: $ 173 m (€ 143 m). Cost: (€ 62 m. Germany: European Commission approved German state aid scheme to support FTA and the Valley Metro signed a federal funding agreement for Phoenix South innovative projects aimed at strengthening sustainable public transport through Central LRT extension / Downtown Hub project through the FTA’s Capital Investment investment and innovation. Grants (CIG) Programme.. Cost: € 300 m for 2020-2023. Cost: $ 529.8 m (€ 440 m, total cost of the project - $ 1.35 bn). Spain: Transport ministry, ADIF, València Port Authority and Puertos del Estado committed a further € 20.6 m investment for the upgrading of the railway between Zaragoza, Teruel and the port of Sagunt. Cost: € 386.6 m – total cost of the project. Q1 - 2021 IEC Intl - Global Railway Business Overview 9
BUSINESS STRATEGIES, M&A KAZAKHSTAN: InterRail subsidiary of UKRAINE: LTG Cargo (Lithuania) established a InterRail Holding has converted its PORTUGAL: Bus and coach group Ukrainian subsidiary. sales office in Nur-Sultan into an Barraqueiro established B-Rail as a operational branch. subsidiary to run open access passenger train services. BELGIUM: SNCB sold CZECH REPUBLIC: RENFE remaining 10% in Lineas to FRANCE: Railcoop to launch (Spain) announced its intention USA: Canadian National agreed terms SFPI. freight operations this year. USUAL LEVEL of business activity for the sale of around 1 400 km of VFLI changed its name to to acquire a 50% stake in Bombardier Transportation central European open access in M&A and business secondary routes in to short line and Captrain France. operator Leo Express. announced € 6m investment expansions in Q1 2021. regional group Watco Companies Inc. to increase production Patriot Rail finalized the acquisition of capacity at Brugge factory. ACTIVE SEGMENTS: open access short line operator Salt Lake, Garfield SAUDI ARABIA: Merger of & Western Railway. operators in the EU and Saudi Railways Organization The Greenbrier Companies and and Saudi Railways Company passenger market reframing, Longwood Group announced plans to formally approved French freight revival, the form a wagon leasing joint venture. Ukrainian market. PARTNERSHIPS 1. INDIA: National High Speed Rail Corp Ltd and Japan Railway Track Consultants Co signed a memorandum of understanding covering track design for Vadodara – Vapi package T2 section of the planned Mumbai – Ahmedabad high speed rail corridor. 2. MALAYSIA: National railway operator Keretapi Tanah Melayu Berhad signed a Memorandum of Collaboration with the UK’s National Skills Academy for Rail to support workforce training activities through the National Rail Centre of Excellence. 3. RUSSIA: Tranmsmashholding and United Wagon Co agreed to work together to supply wagons and components to customers across Africa. 4. UK: Network Rail, South Yorkshire Passenger Transport Executive and Stagecoach Supertram together launched the Tram Train M&A, strategic partnerships, Pilot Learning Hub. agreements strategic development, new Q1 - 2021 IEC Intl - Global Railway Business Overview markets 10
COVID-19 impact Modal shift to rail INTERNATIONAL INITIATIVES AND PROPOSALS Green initiative Ditial initiatives, programmes and projects Rail passenger and urban transport initiatives 1) EU: Government of France plans to let concessions operate the 10 conventional inter-city services. 2) EU: Stakeholders from across the rail sector (ALLRAIL, BEUC, CER, CIT, ECTAA, EIM, EPF, EU Travel Tech, UIC, UNIFE) Varous transport initiatives and programmes endorsed political proposals for the revitalization and expansion of international passenger services, and committed to assist 1) EU: Eight railway industry associations have jointly set out their three with future development to make rail ‘the preferred mode’ for most important requests from politicians ahead of the federal election international travel. to be held in September this year in Germany. 3) EU and UK: ALLRAIL called for any government support which 2) Russia: Russian Railways expects only locomotives powered by might be offered to Eurostar during the coronavirus pandemic to electricity, natural gas or other alternative energy sources to be be accompanied by conditions designed to facilitate cross- purchased by after 2025. Channel competition. 3) SOUTH AFRICA: The independent RailRoad Association of South Africa has rebranded itself as the African Rail Industry Association, Rail freight transport intiatives positioning itself to play a greater role in revitalising railways across 1) EU: package of measures to improve access to the rail network the new African Continental Free Trade Area. and incentivise companies to switch freight from lorries to more environmentally-friendly trains came into effect in Germany. 2) USA: The Association of American Railroads outlined a series of policy proposals aimed at leveraging the improved environmental performance of rail freight to reduce greenhouse gas emissions from the transport sector. Q1 - 2021 IEC Intl - Global Railway Business Overview 11
RAIL PERSONS USA PETE BUTTGIEG appointed Federal Secretary of Transportation. DEAN PIACENTE appointed CEO of OmniTRAXXX. MATT NELSO appointed CFO of Patriot Rail. DONALD ITZKOF became Chief policy officer of Patriot Rail. HUNT CURRY appointed Vice-President – Operations Effficiency of Norfolk Southern. CZECH PETR KELLNER, 99%-owner of PPF – shareholder REPUBLIC of Škoda Transportation, died in accident. FINLAND ARI SOINOLA appointed Vice-President – Operations & Development of Nurminen Logistics. GERMANY PROFESSOR SABINA JESCHKE to step down from the position of a Board Member for Digitalization & Technology at Deutsche Bahn AG. HEINZ HERMANN, majority shareholder and long-time Chairman of the Knorr-Bremse executive and supervisory boards Heinz Hermann Thiele died at the age of 79. POLAND GRZEGORZ FINGAS appointed Business development director of EP Cargo Polska. SPAIN Transfesa Logistics has appointed ANNE SOPHIE PETIT as Chief Financial Officer Q1 - 2021 IEC Intl - Global Railway Business Overview 12
RAIL SECTORS. RAIL INFRASTRUCTURE CONSTRUCTION AND UPGRADE RUSSIA: Russian Railways completed electrification from a junction with the Trans- Siberian Railway at Karymskaya to Zabaikalsk. SWEDEN: Public consultations launched for route options for The last single-track section of the route to the section of proposed Stockholm Caspian Sea port of Astrakhan eliminated to – Malmö high speed line. increase capacity. CHINA: Beijing Chaoyang –- SPAIN: ADIF awarded a Chengde high speed line consortium of Dragados and opened completing Beijing – USA: California High Speed Tecsa Empresa Constructora a Shenyang – Harbin corridor. Rail Authority issued a Revised contract to build a 1 668 mm AFGHANISTAN: Line from Aqina Xulian high speed line opened Draft Business Plan . gauge single track non-electrified on the Turkmen border to for revenue service. branch from Sevilla to Cádiz Andkhoy inaugurated. main line. INDIA: Rail Vikas Nigam Ltd has awarded a contract to Larsen & Toubro NIGERIA: Federal Ministry of for construction of a 14 km twin-bore Transportation signed a memorandum No new large-scale plans announced in Q1 2021, as tunnel on the Rishikesh – Karnaprayag of understanding with Mota-Engil to line. most programmes are focused on urban mobility, build a cross-border rail link to Niger. A station to serve Bengaluru’s but projects are being continued and delivered. EGYPT: MoU for the design, Kempegowda International Airport construction and maintenance opened. Despite pandemic-related drop in passenger of a 1 000 km high speed rail The 351 km initial section of the Eastern transportation, new high-speed rail projects are TANZANIA: Tanzania Railway Corp network signed by the National Dedicated Freight Corridor between proposed, designed and delivered. Authority for Tunnels, Siemens New Khurja and New Bhaupur formally signed contracts for two Chinese Mobility and local companies inaugurated. construction companies to build Stage Rail links forming new corridors improving 5 of the 1 435 mm gauge network Orascom Construction SAE and The Arab Contractors. accessibility of land-locked countries and rail to from the dry port at Isaka to Mwanza seaports connections are being considered in Africa. on Lake Victoria. ISRAEL: National Infrastructure Committee gave backing to proposals to extend the Jezreel Valley railway to the border with Jordan as the first stage of a possible “Gulf to Gulf” railway. Q1 - 2021 IEC Intl - Global Railway Business Overview 13
RAIL SECTORS. PASSENGER TRANSPORTATION CROATIA: RegioJet to add Split as a destination for its summer overnight trains between Praha and Croatia. USA: Peninsula Corridor Joint SPAIN: Renfe’s low-cost high SLOVENIA: Passenger services Powers Board awarded Herzog speed service Avlo is to launch on the Ljubljana – Kočevje line subsidiary TransitAmerica Services a later this year following a resumed. five-year extension to its current pandemic-related delay of more contract to operate Caltrain linking, than a year. MALAYSIA, SINGAPORE: The San Francisco with San Jose. project to develop a high speed FINALND: VR awarded a public line between Kuala Lumpur and service obligation contract for the Singapore terminated. The GERMANY: Train4you opened provision of loss-making but Malaysian government to study Market activity in Q1 2021 for passenger bookings for an overnight service socially-desirable passenger the viability of a domestic high transportation is still low. from southwest Germany to trains during 2021. speed rail project. Binz. Q1 2021 saw a series of pandemic-related Non-stop inter-city trains linking cancellations and delays, though some services, such Köln with München and Berlin in as night trains in the EU, have been maintained and less than 4 h announced from the end of this year. enhanced in plans for this year – mainly thanks to Multimodal travel booking governmental support linked to EU Green Deal. platform FromAtoB closed. Q1 - 2021 IEC Intl - Global Railway Business Overview 14
RAIL SECTORS. URBAN TRANSPORTATION UKRAINE: EIB and EBRD and SINGAPORE: Singapore’s Land the Kyiv Metro company Transport Authority awarded AUSTRIA: Contract for the signed an agreement for a € the joint venture of Taisei construction of two lots of the 50 m loan for the acquisition of Corporation and China State extension of U2 and U5 lines new metro cars. Construction Engineering awarded by Wiener Linien to a Corporation the contract to consortium of Hochtief construct a tunnel for the Infrastructure Austria, Cross Island Line Phase 1. Swietelsky and Habau Hoch SERBIA: MoU for Belgrade first China Communications und Tiefba. metro line signed by Ministry Construction Company Limited of Finance and City of won the contract to design and PANAMA: Construction works MOROCCO: Casablanca Belgrade with Power build the Jurong East for the Line 3 of Panama Transport en Site Aménagé Construction Corporation of Integrated Transport Hub metro inaugurated. awarded Colas Rail two China, Alstom and Egis Rail. contracts as part of the construction project for the Q1 2021 saw large investments and support schemes new lines of the Casablanca designed for urban transportation (in the USA, tramway. Canada, Germany). Egypt should be marked for the amounts of internatonal institutional financial designed to enhance CHINA (TAIWAN): The AUSTRALIA: The Federal Government urban mobility. of Australia granted the environmental Kaohsiung City, Taiwan approval and announced funding for the opened a south section of the Non-EU countries of Southern and Eastern Europe circular light rail line served by extension of Canberra light rail network, also show high activity of both institutional and the Stage 2A. 9 stations. interstate financing for urban projects. The Sydney Metro awarded Downer a contract to upgrade three stations Q1 - 2021 IEC Intl - Global Railway Business Overview 15
RAIL SECTORS. FREIGHT TRANSPORTATION RUSSIA: Russian Railways began regular export of containerized coal from LUXEMBOURG: CFL Multimodal, Krasnokamensk and Stena Line, LKW Walter and Priargunsk to China through Rostock Port launched a the Zabaikalsk border crossing thrice-weekly service between with the use of open-top the Bettembourg-Dudelange containers. intermodal terminal and the Rail freight continued usual activities RTM Terminal in Rostock. HUNGARY: The government in Q1 2021 with further increase and Hamburger Hafen & of volumes and services along Euro- Logistik’s intermodal rail JAPAN: JR Freight to start an Asian routes. subsidiary Metrans signed an intermodal block train service agreement to build a freight New Silk Route extensions reached BRAZIL: Mining company Vale linking the container terminal hub at Zalaegerszeg. agreed terms to extend its at Ajikawaguchi with Morioka. Portugal and existing links with Viet concessions to operate the Nam were enhanced. PORTUGAL: Medway’s Madrid – CHINA: Nippon Express launched a Estrado de Ferro Carajás and Portugal Magalhães service weekly scheduled rail freight service Estrado de Ferro Vitória a Southern Euro-Asian routes via Minas by 30 years. provided the final leg of the from Suzhou in China to Małaszewicze in Poland and Hamburg and Duisburg in Turkey and notably Baku – Tbilisi – first delivery of a container Germany. from China to Portugal by Kars corridor continued their train, using 1 435, 1 520 and URUGUAY: SELF signed a Nippon Express launched a cross-border development. contract to move 150 000 1 668 mm gauges. freight service from Suzhou in China to tonnes of wood a year Hanoi in Viet Nam. between stations on the Treinta y Tres – Río Branco TURKEY: Private operator Omsan Lojistik began transporting new route and Peñarol in Dacia Duster cars from Europe to Asia via the Marmaray tunnel. Montevideo. RZD Logistics and Pasifik Eurasia organized the first container train carrying household appliances from Turkey to Russia via the Baku – Tbilisi – Kars corridor. Q1 - 2021 IEC Intl - Global Railway Business Overview 16
RAIL SECTORS. ROLLING STOCK PRODUCTION AND PROCUREMENT BELARUS: contract for the SERBIA: MoU for the future procurement of USA: The Metra board (Chicago) approved the supply of mixed-traffic AC electric trains for the upgraded Beograd – Novi award of $ 1.8 bn framework agreement for electric locomotives signed CHINA: A winterized variant of the Sad – Subotica – Budapest corridor signed by Alstom to supply up to 500 double-deck. by Belarusian Railway, Fuxing China Standard high speed Minister of Construction, Transport & China National Electric train family developed for use on Washington Metropolitan Area Transit Authority Infrastructure and Chinese Ambassador. Import & Export Corp and 350 km/h services linking Beijing awarded Hitachi Rail a contract of up to FRANCE: SNCF Voyageurs and RATP confirmed their manufacturer CRRC with Shenyang and Harbin. $ 2.2 bn to design and build 256 of the 8000– selection of Bombardier Transpoartion and CAF as Datong. series metro cars. preferred bidder for a contract to supply 146 suburban trainsets. ESTONIA: Skinest Rail has awarded COSTA RICA: Incofer took delivery of eight MONGOLIA: Bodi International United Wagon Co (Russia) a diesel multiple-units from CRRC for use on Thales presented its eighth generation of SelTrac contract to supply 23 LPG tank awarded United Wagon Co a commuter services. CBTC technology to support operators to meet cars for use in the Baltic States. contract to supply 810 high- traffic demand and reduce maintenance costs. capacity open wagons to carry In Q1 2021 rolling stock segment SENEGAL: Société des Nationale Chemins de coal from the Tavan Tolgoi deposi. was the most active in terms of Fer du Sénégal awarded Traxtion Group a business deals and presentation contract to supply five refurbished main line IRAQ: Cryocan (Turkey) diesel locomotives and one shunting loco, in a despatched the first 50 of 400 of new production or solutions. two-year leasing deal. tank wagons which IRR ordered This segment is not impacted by as part of a project to transfer petroleum traffic from road to rail. the pandemic and no cancellations CHILE: EFE awarded CRRC were announced. Sifang a contract to supply six four-car electro-diesel multiple- INDIA: Mumbai Metropolitan Large investments in urban units. Region Development Authority awarded Alstom a € 220 m mobility, especially in the USA, contract to design, manufacture, ensure further stability of this sub- supply, test and commission 234 segment. metro cars for Line 4 and the extension corridor, including personnel training. Q1 - 2021 IEC Intl - Global Railway Business Overview 17
RAIL SECTORS. NEW TECHNOLOGIES AND DIGITALIZATION DANEMARK: Maersk to expand REPUBLIC OF KOREA: Technology trains linking Bremerhaven company Ntuple and Korail CANADA: Ballard Power Systems to supply the with Mannheim, Stuttgart, expanded the ga-G chatbot fuel cells for Canadian Pacific’s hydrogen Nürnberg and München service to enable users to book locomotive programme aimed to develop operated by ERS and train tickets directly on Google hydrogen-powered main line freight locomotive boxXpress.de using 100% Maps. by retrofitting fuel cells and a battery storage SPAIN: ADIF launched trials renewable hydropower under system to an existing diesel loco. of li-fi technology at Málaga CapO2 brand. CHINA: CRRC Datong rolled out a María Zambrano station. hydrogen fuel cell and lithium CAF developed a vehicle SWEDEN: Green battery powered hybrid USA: BNSF and Wabtec began testing a occupancy data locomotive. battery-electric locomotive in revenue service Cargo launched a digital management platform to booking system with API on the route between Barstow and Stockton in track the number of California. services for integration with a passengers per train, customer’s own systems, and The California Energy Commission has coach, location, time and the ability to connect to a web awarded Sierra Northern Railway and energy service, and to analyze interface to make it easier and research organization GTI almost $ 4 m to historical data to forecast faster for customers to book fund the production of a fuel cell shunting passenger demand more transport, fill in consignment locomotive. accurately. notes and track their shipments. Technological solutions and services announced in FRANCE: The first commercial NETHERLANDS: RiVier joint Q1 2021 mostly referred wither to environmental passenger trains to be powered venture selected Siemens responsibility (supported by global policy in this area) by hydrogen fuel cells are Mobility to develop a expected to enter service in countrywide, intelligent Mobility or to digitalization of internal services. 2024 on routes from Auxerre to as a Service – MaaS platform Pandemic seems to have lower impact on developed Avallon and Corbigny. expected to be completed in the serviced than the issues mentioned above. autumn, allowing service providers to integrate the travel There seems to be a deficit of integrative solutions, planning. apart from MaaS Platform for the Netherlands, Q1 - 2021 IEC Intl - Global Railway Business Overview 18
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