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Mass
transit and suburban railways are two areas where products are still
developed on an individual basis. Local regulations and specifications
for safety and performance mean short production runs and high design
development costs. Rolling stock, therefore, can only be used by
that city alone and leading to extremely high levels of investment
and risk for individual towns and cities. This is an unsustainable
situation both for the authorities and operators.
This
initiative is exploring solutions to these problems on a Europe
wide basis and to respond to today's climate of reduced levels
of public finance and the industry's needs of cutting costs of
production by introducing some levels of harmonisation to these
issues. This conference deals specifically with innovative methods
of financing for urban mass rail projects.
The
situation today in rail is unique in the transport field. In the
air and road sectors there is deregulation, international policies,
standard production and deregulation. This has lead to a concentration
of manufacturers providing multipurpose products, but this is
not yet the case in the rail industry with cities ordering individual
products with national or even local specifications as part of
the image of their city. |