IEC INTERNATIONAL

GLOBAL RAILWAY BUSINESS

OVERVIEW OF MAJOR RAIL EVENTS

II QUARTER 2020 IEC International | Global railway business overview | Q2 2020 EXECUTIVE SUMMARY

BUSINESS HEALTH Regional and long-distance passenger transportation is the key negatively impacted area if considering 01 corporate environment. Still long-term plans are kept for all rail business areas, including this one.

INVESTMENTS AND FINANCING In Q2 funding was attributed mainly to local (national) support, unlike Q1 when important regional plans were 02 announced. Total amount of announced investments is approx. €18 bn (€ 281 in Q1).

COVID-19 IMPACT Major impact is a drastic increase in shift to rail calls and initiatives. In Q2 railways successfully competed 03 with air, for both freight and passenger, and that seems to take shape of a global strategy for the future.

Q2 = 2 QUARTER 2020 2 IEC International | Global railway business overview | Q2 2020 CONTENTS

SCOPE OF OVERVIEW

GEOGRAPHY OF GLOBAL RAILWAY BUSINESS IN Q2 2020

RAIL INVESTMENTS AND FINANCING

BUSINESS STRATEGIES, M&A

INTERNATIONAL INITIATIVES AND PARTNERSHIPS

RAIL PERSONS

RAILWAY SECTORS

COVID-19 RESPONSE 3 IEC International | Global railway business overview | Q2 2020 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. 2. OFFICIAL INTERNET SITES OF RAILWAY COMPANIES AND ORGANIZATIONS. FOR Q2 MORE THAN 180 KEY EVENTS ARE CONSIDERED. THIS IS YET A NON-EXHAUSTIVE LIST. FOR ADDITIONAL INFORMATION AND DETAILED ANALYSIS YOU MAY CONTACT IEC TEAM. 4 IEC International | Global railway business overview | Q2 2020 GEOGRAPHY OF GLOBAL RAILWAY BUSINESS 2020 Q2. TYPES OF BUSINESS PROJECTS

EU COUNTRIES* NORTHERN EUROPE EASTERN EUROPE**

CENTRAL ASIA EASTERN ASIA

OUTHERN SIA NORTHERN AMERICA S A NORTHERN AFRICA WESTERN ASIA

SOUTHEASTERN ASIA WESTERN AFRICA SOUTHERN EUROPE

SOUTH AMERICA EASTERN AFRICA AUSTRALIA AND NEW ZEALAND SOUTHERN AFRICA

INVESTMENTS NEW URBAN FREIGHT AND FINANCING TECHNOLOGIES TRANSPORT TRANSPORT CANCELLATION OF PROJECTS * and , UK not considered DUE TO COVID-19 BUSINESS CONSTRUCTION, PASSENGER ROLLING **including , all countries considered as by UN Geoscheme, except for EU / TEMPORARY SERVICES FOR DEVELOPMENT UPGRADE TRANSPORT STOCK first symbol represents dominant types of activities, others in random order COVID-19 PANDEMIC 5 IEC International | Global railway business overview | Q2 2020 GEOGRAPHY OF GLOBAL RAILWAY BUSINESS 2020 Q2. TOTAL NUMBER OF BUSINESS PROJECTS (EXCL. INSTITUTIONAL FINANCING)

61 20 EU COUNTRIES AND SWITZERLAND 14 EASTERN ASIA

13 NORTHERN AMERICA

10 WESTERN ASIA

8 NORTHERN EUROPE

6 EASTERN EUROPE 5 SOUTHERN ASIA 12 SOUTH AMERICA OTHER

NUMBER OF PROJECT INCLUDES INITIATIVES, NEW STRATEGIC DOCUMENTS AND INVESTMENT DECISIONS. 6 IEC International | Global railway business overview | Q2 2020 RAIL INVESTMENTS AND FINANCING

INVESTMENT MIX (BY NUMBER OF PROJECTS) ORGANIZATIONS Emergency support for Deutsche Bahn AG EU countries (between €11bn and €13.5bn). Network upgrade in , Slovenia. Rolling 4 12 stock modernization in Slovakia. Northern America Development banks Supranational financing* 1 1 Amtrak support, rail and urban transport 1 transformation. 3 1 Eastern Africa 1 Feasibility study for 1 435 mm gauge railway National investments 1 linking Addis Ababa in Ethiopia with Khartoum in Eastern Europe Sudan by AfDB 2 *Mainly EU. Also considered development banks providing financing following supranational decisions metro extension (EIB, EBRD, approved Northern Africa before Q2 2020) 4 Rolling stock procurement support in Egypt by TYPES OF FINANCING South America Hungarian Export-Import Bank, Roseximbank 1 Interstate loans Construction of the East-West Integration Railway Southeastern Asia JICA loan to finance Phase 1 of the Yangon – 3 Subsidies Mandalay Railway Improvement Project Western Asia 3 Grants modernization (EBRD) 3 Bank credits Calculated by the number of announced project in Q2 2020 7 IEC International | Global railway business overview | Q2 2020 RAIL INVESTMENTS AND FINANCING MAJOR PROVIDERS OF INVESTMENTS AND FINANCING IN Q2 2020 (BY VOLUMES OF FINANCING) DEVELOPMENT BANKS LOCAL INTESTATE LOANS TOTAL VALUE OF ANNOUNCED PROJECTS* AND SUPRANATIONAL (EU)

€ 18 bn 80% 16% 4% vs. € 281 bn in Q1

*non-exhaustive, as officially announced in Q2 2020; Includes investments of financing institutions and national KEY FACTS investments. In contrast to Q1, Q2 is characterized by lower investment activity with high share of local initiatives, primarily aimed at supporting rail business due to COVID-19 pandemic. These financial figures are in many cases preliminary and are subject to changes.

Several intestate loans were finalized in Q2. Key issue to be noted is a Chinese entrance to Hungarian market with China Eximbank loan for reconstruction and modernisation of the Hungarian section of the Budapest – Beograd corridor. Important announcements on regional projects were made by EU (as well as ADB) in Q1. In Q2 there were few new announcements (EU: rolling stock modernization in Slovakia via INEA, non-EU: projects in and with EBRD funding, Africa: AfDB-funded feasilibiloty stuidy in Ethiopia and Sudan). 8 IEC International | Global railway business overview | Q2 2020 RAIL INVESTMENTS AND FINANCING. NATIONAL PROGRAMMES

EU AND NORTHERN EUROPE NORTHERN AMERICA SOUTH AMERICA

GERMANY: Emergency support to help Deutsche Bahn AG USA: Special support to Amtrak within CARES Act funding Brazil: construction of East – West Integration cope with the economic impact of the coronavirus pandemic is intended to offset the loss of ticket revenue, ensuring that Railway. The 1 527 km Ferrovia de Integração likely to come in the form of another equity injection. the corporation can continue to pay its employees and fund Oeste-Leste project will link Figueirópolis in Cost: €1.0 – 3.5 bn. Period: from 2020. essential asset management and renewal programmes. Tocantins state with the Porto Sul deep-water Cost: $1.02 bn. Period: immediate aid. harbour near Ilhéus in Bahia state on the Atlantic UK: The UK government provided a funding package to support coast, providing an export corridor for minerals the recovery of London public transport system due to California State Transportation Agency approved capital and agricultural produce from Tocantins, Goiás coronavirus pandemic. grants for 17 ‘transformative’ rail and public transport and Bahia states. Cost: £1 bn grant and £505 m loan. Period: till October 2020. projects within Transit & Intercity Rail Capital Program. Cost: R$480 m. Cost: $500 m. Period: from 2020.

9 IEC International | Global railway business overview | Q2 2020

BUSINESS STRATEGIES, M&A CANADA: Canadian Pacific formally completed its EU: The proposed acquisition of Vossloh Locomotives GmbH by acquisition of the Central Maine & Quebec CRRC Zhuzhou Locomotives Co was cleared by the national Railway. USA: OmniTRAX has launched a Rail-Ready competition authority and the deal was finalized. Sites programme on the Winchester & Western The Berlin Night Express overnight train between and Railroad in Cumberland County, New Jersey. will continue to run despite shipping company Stena Line’s Norfolk Southern has announced a number of plans to close the Trelleborg – Sassnitz ferry route which the train organisational changes following the departure of uses to cross the Baltic Executive Vice-President & Chief Strategy Officer John Scheib.

Q2 demonstrated a usual level of business activity and resulted in 12 M&A deals (including finalization of previously approved ones).

New strategic plans were revealed only by US PHILIPPINES: Sumitomo has indirectly acquired about 19.2% share of Light Rail Manila companies, while one European company Corporation (LRMC) which operates and (Robel Group) set up a new foreign daughter maintains Manila LRT-1 line. company in China.

IMPORTANT CANCELLATIONS PARTNERSHIPS 1. I.R. IRAN: Russian Railways confirmed that it had 1. : Fleet owners Logistics & Transport Europe and European Locomotive ceased work on infrastructure projects in Iran, Leasing have formed a locomotive maintenance joint venture with ÖBB-Technische and was to close its office in I.R. Iran. Services. 2. : FlixMobility GmbH has decided to 2. FRANCE: RATP Dev, Singapore-based ComfortDelGro Transit, and Alstom will establish postpone indefinitely its plans to launch open a consortium for Grand Paris Express future tenders. access passenger train services on five inter-city 3. USA: Siemens Mobility and Ondas Networks have announced an exclusive partnership routes due to Covid-19 to offer a Siemens-branded portfolio of radio communications in Northern America. COVID-19 impact Modal shift to rail INTERNATIONAL INITIATIVES AND PARTNERSHIPS Green initiative Ditial initiatives, programmes and projects Rail passenger and urban transport initiatives Rail freight transport intiatives 1) EU: The European Rail Freight Association says lessons about the key 1) FRANCE: Modal shift from plane to train has been made a success factors for rail freight can be learned from the significant condition of a state aid package which the government is improvement in performance which has occurred as a direct offering to Air France-KLM. consequence of the drastic reduction in passenger traffic during the 2) EU: Willingness to co-operate to increase rail’s share of the coronavirus pandemi. international passenger market is a set out in political 2) GERMANY: Federal Ministry for Transport & Digital Infrastructure has statement signed by a ‘coalition of the willing’ invited applications for funding (€30 m) of projects designed to improve 3) EU: ‘A boost for rail travel and clean mobility in our cities and the economics and efficiency of rail freight. regions’ is included in the proposals for a major post- 3) WCO, OTIF, OSJD: Call for better co-ordination between customs coronavirus recovery plan for the European Union administrations, transport authorities and the rail sector to facilitate the 4) UIC, UIRR, UNIFE: call for ‘a new sense of urgency’ in operation of cross-border supply chains and help mitigate the overall developing a more sustainable transport mix beyond the impact of Covid-19 pandemic. 5) UNECE: guidance for policy makers aiming to reduce car use Vairous transport initiatives and programmes in urban areas at postpandemic recovery phase. 1) CER, UNIFE: Call for investment to ‘make rail the core element of the 6) UITP: open letter to EU policymakers on reiterating its European transport system’ should be an intrinsic part of the EU’s concerns about the impact of the coronavirus pandemic on plans for stimulating economic recovery after the Covid-19 pandemic. the sector. 2) UIC: task force has published the document on how the rail industry 7) UITP: Data4PT project has been formally launched to support fought Covid-19; publication of a summary of potential steps that could the development of multimodal transport data exchange be adopted to increase customer confidence in rail transport following standards and models to fulfil the needs of travel information the coronavirus pandemic. service providers. 3) EU new system: A centralised system for the real-time exchange of 8) UITP, UNEFE, UIC: UITP, UNIFE and UIC have come ticket control information has been launched to enable rail ticket together to highlight the public transport essential role in issuers and carriers around the world to increase their electronic recovery. ticketing capabilities and prevent fraud IEC International | Global railway business overview | Q2 2020 IEC International | Global railway business overview | Q2 2020 RAIL PERSONS

Former SNCF Réseau chief executive PATRICK JEANTET FRANCE has been dismissed as Executive Chairman of GROUPE KEOLIS with immediate effect,

SWITZERLAND STADLER GROUP CEO DR THOMAS AHLBURG has left by mutual agreement with the board

New management board elected at SBB Cargo AG

USA NORFOLK SOUTHERN’s Executive Vice-President and Chief Strategy Officer JOHN SCHEIB dismissed, organizational changes to follow.

SOUTH AFRICA NOSIPHO DAMASANE becomes Chief Executive of PRASA RAIL

12 IEC International | Global railway business overview | Q2 2020 RAIL SECTORS. RAIL INFRASTRUCTURE CONSTRUCTION AND UPGRADE : SŽ has finalised a RUSSIAN FEDERATION: Stroyproekt BUSINESS LEVEL UK: The planning application for what further agreement with SNCF Engineering Group has been awarded HS2 Ltd says will be ‘the largest new International to assist with the a contract to design the planned railway station ever built in the UK’ development of the country’s Kuragino – Kyzyl – Elegest line which was approved by Old Oak & Park proposed network of high speed lines. would link the Republic of Tyva to the Royal Development Corp. USA: Massachusetts Bay rail network. Transportation Authority’s Fiscal & Management Control Board has CHINA: Tracklaying has started on the approved the first major construction Ruoqiang – Hotan railway across the contract for Phase 1 of the South Coast southern part of the Xinjiang Uyghur Rail project to provide commuter Autonomous Region. This will complete services into Boston from the southeast. a planned railway loop circling the MEXICO: Contracts Takliman Desert. awarded for construction of Tren Maya network Construction work is scheduled for 116 Despite COVID-19 outbreak, railway companies were serving the Yucatan new railway projects this year. ESTONIA: RB Rail has awarded a Peninsula. active in construction and upgrade projects in Q2. consortium of Indra subsidiary Protec In many cases pandemic was used to speed up and Obermeyer Planen + Beraten a contract to provide design and a construction process thanks to suspended section of the double-track route operations. SENEGAL: Reconstruction of the metre- between Pärnu and the border with gauge freight railway through the Latvia. Contracts for large-scale projects were announced in suburbs of Dakar has been Mexico and Brazil. successfully completed I.R.IRAN: The Ministry of Roads & Agreements on construction of missing links were ISRAEL: Israel Railways has used the Urban Development has signed a signed in I.R. Iran. opportunity presented by the suspension memorandum of understanding with of passenger services during national Mapna Group for construction of the Important suburban network construction and COVID-19 lockdown measures to long-planned rail link between undertake planned enhancement Esfahan and Ahvaz development projects are on-going in the US, the UK works at 40 stations and India. Not all projects are shown. You may contact IEC Team for full list of projects and other details. 13 IEC International | Global railway business overview | Q2 2020

RAIL SECTORS. PASSENGER TRANSPORTATION SWEDEN: Trafikverket has recommended a Malmö – Köln - Brussels overnight train as the BUSINESS LEVEL best option for increasing international rail travel to and from Sweden.

FRANCE: Nascent open access operator Railcoop lodged a formal application with the Autorité de Régulation des Transports to launch a Bordeaux – Lyon inter-city service using the conventional route via Périgueux and Montluçon.

FlixMobility GmbH has decided to postpone indefinitely its plans to launch open access passenger train services on five inter-city routes in France due to Covid-19 GERMANY: Local bus and rail freight operator Passenger services started to revive in Q2 with Regionalverkehr Ruhr-Lippe has important restrictions and new temporal regulations commissioned Spiekermann Consulting related to health safety. Engineers to undertake studies for the proposed reintroduction of passenger services on Röhrtalbahn from Neheim-Hüsten Despite a very important number of passenger to Sundern in Nordrhein-Westfalen. initiatives and call for solutions, passenger transportation sector was much less active than usually in Q2.

Not all projects are shown. You may contact IEC Team for full list of projects and other details. 14 IEC International | Global railway business overview | Q2 2020 RAIL SECTORS. URBAN TRANSPORTATION : Cluj-Napoca city council has commissioned prefeasibility and feasibility studies for the development of BUSINESS LEVEL UK: The Coventry Very Light Rail scheme to a metro and suburban rail network in the develop a low-cost transport system for medium- country’s fourth-largest city, augmenting sized cities has been funding of West Midlands its existing tram route. CHINA: Gansu province’s second city Combined Authority to support the design and Tianshui opened a light rail line. development of track for use by lightweight Shenyang’s fourth metro line opened. COLOMBIA: Design and supervision contract for battery powered vehicles. More than 70 km of new metro line was Bogotá Regiotram del Norte project providing Birmingham City Council granted planning put into operation in Hangzhou. transport link between the capital and permission for the Curzon Street High Speed 2 The government of Hong Kong has Cundinamarca in the metropolitan area signed. station. given MTR Corp the go-ahead to proceed with detailed planning and design for the proposed Tung Chung Line Extension on the northern side of Urban transportation, hit by the pandemic as well as Lantau island. : expansion regional passenger services, still saw active programme is continuing as the development in Q2. company has announced two tenders which include the construction of a new Apart from infrastructure construction, key trends refer line and the expansion of an existing THAILAND: The Mass line. Authority of Thailand (MRTA) has to development (or revival) of trams, especially in officially opened Bangkok Blue Line Baltic countries and Northern Europe, and to Metropolitano de Lisboa and Zagope extension. electrification of bus services (the , Czech Construção e Engenharia signed a contract for the construction for Lisbon Republic). metro expansion project. I.R.IRAN: ehran Urban and Suburban railway A new report of European Court of Auditors (ECA) company awarded Mapna Group the contract for Tehran Line 5 modernisation which has a published in Q2 declares that EU cities are not ISRAEL: Trans Israel Ltd has launched the prequalification length of 67 km linking western district of showing a clear indication to shift the urban traffic process for the planned Haifa – Nazareth tram-train route, Sadeghieh to Karaj suburb, 50 km west of to more sustainable modes, so that better data on seeking international consortia and local companies to Tehran tender for a PPP concession to design, build and operate urban mobility should be regularly reported to the line. maintain EU funding. Not all projects are shown. You may contact IEC Team for full list of projects and other details. 15 IEC International | Global railway business overview | Q2 2020

FRANCE: Proposals to relaunch rail freight in RAIL SECTORS. FREIGHT TRANSPORTATION France are to be published in June, under plans BUSINESS LEVEL now being developed by an alliance of cargo UK: Davies Turner has added a pricing mechanism operators. based on air freight practice for its weekly Express GERMANY: DHL is looking at further reductions in China Rail rail, road and sea service from Xi’an to transit times between China and Europe, the UK. This is intended to demonstrate the following the success of a service between Xi’an potential cost savings to importers who have in China and Hamburg and Neuss in Germany. traditionally used aviation.

LITHUANIA: the first train to carry semi-trailers by rail in the Baltic States has been operated Freight services in Q2 significantly increased in comparison to Q2 2019. : Maersk has launched its Additional rail services were organized both for first rail service from Xi’an in China to Izmit in Turkey. internal and regional (EU) and for transcontinental CHINA, VIET NAM: CEVA Logistics has launched The first domestic freight train has a ‘truck-rail-truck’ service to keep freight moving connections. passed through the Marmaray rail between China and Southeast Asia, where the linking Europe to Asia under Covid-19 crisis has led to fewer flights, capacity Following the stable demand for faster and more the Bosporus in Istanbul. limits, operational restrictions and waits of up to reliable rail services rail gets more chances in mid to four days for road traffic crossing the border long-term strategies, so that countries are reviving between China and Viet Nam. and positively reviewing RUSSIAN FEDERATION: RZD Logistics has operated a trial service carrying EU goods subject to their rail plans. Russian sanctions in transit from Germany and Estonia to China via the northern route through INDIA: Regular operation of electrically-hauled the Zabaikalsk border crossing. double-stack container trains on the Indian New key challenge for freight FESCO and Rail Cargo Logistics–RUS have completed their first shipment of canola vegetable Railways network began with the start of electric is rail vs. air. oil in containerised flexitanks from the Krasnoyarsk region of Russia to Nantong in China. haulage on the 272 km Palanpur – Botad The average speed of consignments across the Russian Railways network increased to 466.3 section of the Western Railway km/day in May, 16.3% higher than the same period last year and 28.4% above May 2018.

Not all projects are shown. You may contact IEC Team for full list of projects and other details. 16 IEC International | Global railway business overview | Q2 2020 RAIL SECTORS. ROLLING STOCK PRODUCTION : DZ has signed a contract for Siemens Mobility to supply 10 Smartron electric locomotives in AND PROCUREMENT 2021. CZECH REPUBLIC: Independent operator DZ has allocated 4m leva for modernisation of the 760 BUSINESS LEVEL RegioJet has taken delivery of nine mm gauge diesel locomotives used on the 125 km 160 km/h air-conditioned couchette cars Septemvri – Bansko – Dobrinishte line from Deutsche Bahn AG. AZERBAIJAN: Russia’s United Wagon Co has entered Azerbaijan’s railway SWITZERLAND: Swiss Federal Railways, market with two orders for its Tikhvin Thurbo and RegionAlps have jointly called plant to supply 25 tonne axleload tenders for the supply of 194 single-deck wagons regional trainsets of a ‘tried and tested platform already in use in a European country. JAPAN: The latest design of prototype Series L0 maglev vehicles TURKEY: National Train electric multiple-unit (Hitachi) has been Rolling stock production and procurement market developed under a programme to increase unveiled by JR Central. the use of domestic technology and support stayed stable in Q2 thanks to long-term investments the adoption of TSI standards has been type. completed and is expected to enter revenue service this year Q2 was especially positive for producers originating BRAZIL: BYD SkyRail signed the from Russian Federation (United Wagon Co, contract to supply trains and INDONESIA: National railway PT KAI Transmashholding), Japan (Hitachi, including new integrated solutions for Line 17 / and Progress Rail have signed a Gold Sao Paulo monorail project. UKRAINE: CRRC Tangshan won the contract for the supply of 36 EMD contracts in EU) and China (BYD and CRRC which in Kharkiv metro train tender under which GT38AC diesel locomotives. Q2 got both national and international contracts). the Chinese company will deliver 8 five- car metro trains.

RUSSIAN FEDERATION: Russian Railways, the UZBEKISTAN: UTY has awarded Engineering Centre for Railway Transport and Knorr- Transmashholding’s Novocherkassk Electric Bremse have formed a partnership to develop high Locomotive Plant a contract to supply five of speed trains for up to 400 km/h. the latest version of its 3ES5K Yermak 25 kV 50 Hz electric freight locomotives. Not all projects are shown. You may contact IEC Team for full list of projects and other details. 17 IEC International | Global railway business overview | Q2 2020

GERMANY: Trials have begun with a modular platform wagon RAIL SECTORS. NEW TECHNOLOGIES AND DIGITALIZATION that can be adapted for use with a variety of cargoes. Alstom has announced the formal completion of trial operation BUSINESS LEVEL of two pre-series Coradia iLint hydrogen fuel cell multiple-units. : Infrastructure Study of the extent to which battery-powered trains could USA: The Federal Railroad Administration has published a manager Infrabel is to replace diesel traction in Germany is being undertaken through number of technical reports and research results mainly deploy a raft of artificial a collaboration between rolling stock financing company Rock referring to wireless digital operations. intelligence tools to support Rail, Technische Universität Dresden and the UK’s University of FRA is now seeking proposals for research in areas which its efforts in maintaining Birmingham. would have a direct impact on the safety and efficiency of social distancing. freight and passenger railway operations. Wabtec Corp has launched BlueFilter, a filter designed to be retrofitted to current passenger train HVAC systems SWITZERLAND: Stadler’s IT : Five-year agreement to ensure the provision of clean air on board. network has been the subject for the development of CHINA: The first of five ultra-high-speed maglev to a malware attack which has hydrogen trains and prototype vehicles has completed its test run in ‘most likely’ led to a data leak associated infrastructure has Shanghai. Following directions were actively developed in Q2: been signed by Alstom and A contract has been awarded to Russia’s • passenger – humanless technologies for public energy company Snam. Cognitive pilot for the development of a control UK: walk-through facial biometric verification system is safety and health safety; system which is intended to pave the way for to be tested which would enable Eurostar passengers trials of autonomous tram operation in • freight – electronic information interchange; to complete ticket checks and border exit processes at Shanghai. • rolling stock – new fuels and traction type; London’s St Pancras International station without contact with people or hardware. • maintenance – remote technologies. Locomotive modernization technology specialist ZTR and security software company BlackBerry have RUSSIAN FEDERATION: A simplified procedure for remote IoT and AI based developments are spreading in all launched a remote wagon monitoring system. interaction with freight customers has been established by Russian Railways to help prevent the spread of coronavirus sectors, boosted, among other, by the pandemic. New services for Intending passengers to see how infections. busy a specific train or station is likely to be before Rail operations are also shifted to digital, as projects leaving home are introduced by Zibpabout. aimed at deployment of new communication systems with wider data interchange capacities are being carried in the EU and the US. Not all projects are shown. You may contact IEC Team for full list of projects and other details. 18 IEC International | Global railway business overview | Q2 2020 COVID-19 RESPONSE

01. International initiaties 9 of 14 initiatives and international calls for actions / benchmarking projects directly refer to COVID-19 pandemic and the recovery phase,

02. Investments and financing In Q2 funding and financing was much more focused on national support prorammes than in Q1, especially in EU countries.

03. Cancellation of projects Despite uncertainty in future of passenger servicem in Q2 only one project linked to open access services was officially cancelled.

04. New opportunities Q2 saw further intensification of digital shift in all areas of railway business complemented by green shift and development of relevant acceptable traction technologies.

19 IEC INTERNATIONAL

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