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

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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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