EC Proposal Shift2Rail Joint Undertaking
In the past years the European rail sector has implemented an innovation and research initiative in order to meet the great demand for innovation and research in the rail sector. The aim of this initiative is to ensure and strengthen the competitiveness of the European rail sector, but also to meet the objectives of the White Paper (Roadmap to a Single European Transport Area - Towards a competitve and resource efficient transport system) and the objectives of the fourth Railway Package. To implement these objectives, the initiative wants to pool the research carried out by all relevant organisations. The total costs over the full duration of three years are € 920 million, of which € 450 million are financed by the European Commission from the “Smart, Green and Integrated Transport” budget within the Horizon 2020 pillar “Societal Challenges”.