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Article: France: France s rail sub-contracting sector attracts international investors.
- Article from:
- TendersInfo
- Article date:
- October 8, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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France s railway manufacturing sector currently generates a turnover of almost 3 billion (rolling stock, tracks and control systems), with 44% of output being exported. Europe accounts for 50% of the market for rail materials. The sector s strength can be explained by the gradual opening up of rail transport to competition since 2005, in accordance with European Union legislation.
Eco-friendly rail transport has a key role to play in reducing greenhouse gas emissions, and the transport component of France s Green New Deal has set a target to increase the share of non-road freight from 14% to 25% by 2020.
Passenger and freight rail operators have ...