UNIFE advocates $3.8bn R&I investment to advance rail technology in Europe [Yahoo! Finance]
ALSTOM UNSP/ADR (ALSMY)
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Source: Yahoo! Finance
This investment aims to support the European rail supply industry in maintaining its technological leadership amid rising global competition. UNIFE director general Enno Wiebe emphasised the potential benefits for European citizens and businesses, stating that advancements in rail technology will transform travel and freight movement across the continent. The investment aims to establish a successor to Europe's Rail Joint Undertaking within the next European Research Framework Programme (FP10 or equivalent). This initiative is part of the European Commission's forthcoming proposals for the next Multiannual Financial Framework. The focus will be on developing new technologies while building on existing innovations from the current Europe's Rail Joint Undertaking, including the European Rail Traffic Management System (ERTMS), Future Railway Mobile Communications System (FRMCS), and Digital Automatic Coupling (DAC). These advancements are expected to enhance services for both
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