The railway sector has many things in its favour to become one of the projects selected by governments as an economic driver.
he railway industry represents more than 50% of the global production of equipment and infrastructure services, directly providing approximately 400,000 jobs (UNIFE) and with commitments for innovation and development projects worth approximately €1 billion globally (ERRAC).
Covid-19 is going to bring changes. It is expected to trigger new environmental and sustainability policies and initiatives The industry should play a key role as we predictably shift towards decentralisation, supporting sustainable local lifestyles and telecommuting. Based on this, the process of modernisation and liberalisation should be accelerated despite the uncer-tainties.
In this sense, the railway sector has many things in its favour to become one of the projects selected by governments as an economic driver. At an estimated €86 billion, the German initiative is the largest railway investment project in the last 180 years.
The estimated amount for the United Kingdom is €22 billion, with defined projects such as the HS2, Crossrail and transport for the northern region. These are two examples of governments that were already committed to the railway sector prior to the crisis, and in light of the current situation, they will likely proceed with most of these investments.
The latest information available about operators in Spain mentions an investment of €1.8 billion, and approximately half of this amount is for Renfe’s purchase of high-speed trains. This investment by Renfe is in addition to the amount allocated to buy equipment for public service trains, valued at another €2.7 billion.
Despite the crisis, this is a train that we cannot miss.
Mario García Cueto
CEO ASERTA ESPAÑA
Surety Insurance Company