uic legal group information session paris, 19th february 2008 the rail working group view howard...
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UIC Legal Group Information SessionParis, 19th February 2008
The Rail Working Group ViewThe Rail Working Group View
Howard Rosen CBE, MA (Oxon)Howard Rosen CBE, MA (Oxon)Principal, Howard Rosen Solicitors, Zug, SwitzerlandPrincipal, Howard Rosen Solicitors, Zug, SwitzerlandChairman, Rail Working GroupChairman, Rail Working Group
www.railworkinggroup.org
The Cape Town Convention: The Cape Town Convention: International Interests in International Interests in Railway Rolling StockRailway Rolling Stock
Luxembourg 2007Luxembourg 2007
participants from participants from 4242 States and 1 States and 122 international international organizations at the Diplomatic Conference organizations at the Diplomatic Conference
UIC Legal Group Information SessionParis, 19th February 2008
The Rail Working Group ViewThe Rail Working Group View
www.railworkinggroup.org
•Introducing the RWGIntroducing the RWG
•Why the Luxembourg Protocol is importantWhy the Luxembourg Protocol is important
•Finding the right balance in the IndustryFinding the right balance in the Industry
•What the rail industry needs to doWhat the rail industry needs to do
The Cape Town Convention: The Cape Town Convention: International Interests in International Interests in Railway Rolling StockRailway Rolling Stock
www.railworkinggroup.org
AAE Ahaus Alstatter Eisenbahn The Alta Group Arendt & Medernach Armfelt & Associés Ashurst Aviation Advocacy Bombardier Transportation CIT Comité international des transports ferroviaires (CIT) Community of European Railways Costaferroviaria debis Financial Engineering GmbH Denton Wilde Sapte Deutsche Bahn Deutsche Verkehrs Bank DLA Piper Dresdner Kleinwort English Welsh and Scottish Railway Europe Rail Consultancy Ltd European Intermodal Association European Investment Bank Field Fisher Waterhouse LLP Freehill Hollingdale & Page Freshfields GE Capital Global Capital Finance GmbH & Co. Europe KG Howard Rosen Solicitors HSBC Rail HSH Nordbank Intergovernmental Organisation for International Carriage by Rail (OTIF) KfW Kreditanstalt for Wiederaufbau Lenz & Staehelin Mayer, Brown, Rowe & Maw LLP McCarthy Tétrault Nauta Dutilh NIB Capital Bank N.V. Norton Rose Ober Kaler Private Wagon Federation Rajinder Narain & Co Stephenson Harwood Transnet Trinity Industries UIC International Union of Railways Union of European Railway Industries White & Case Wiersholm Mellbye & Bech
Introducing the Introducing the Rail Working GroupRail Working Group
www.railworkinggroup.org
Introducing my mother-in-lawIntroducing my mother-in-law
www.railworkinggroup.org
Why the Protocol’s important - Why the Protocol’s important - the Different Stakeholder the Different Stakeholder PerspectivesPerspectives
•Banks and LessorsBanks and Lessors
•OperatorsOperators
•ManufacturersManufacturers
•CustomersCustomers
•GovernmentsGovernments
•Aid AgenciesAid Agencies
www.railworkinggroup.org
Finding the right balance in the Finding the right balance in the IndustryIndustry
•CostsCosts
•Liability of RegistrarLiability of Registrar
•Insolvency IssuesInsolvency Issues
•Reconciling the Public Service imperativeReconciling the Public Service imperative
•Legacy problemsLegacy problems
www.railworkinggroup.org
What the rail industry needs to What the rail industry needs to dodo
•Actively support the work of UNIDROIT and Actively support the work of UNIDROIT and the RWGthe RWG
•Educate itself – seminars and articlesEducate itself – seminars and articles
•Create universal identification systemsCreate universal identification systems
•Press governments to sign and ratify the Press governments to sign and ratify the Cape Town Convention and Luxembourg Cape Town Convention and Luxembourg Protocol (with the right options)Protocol (with the right options)
•Be creativeBe creative
www.railworkinggroup.orgwww.railworkinggroup.org
There Is No Alternative There Is No Alternative
INFRAS/IWW: External Costs in Transportation
Source: INFRAS/IWW Update study on external costs, 2004
Road traffic produces on average three times the
external costs of rail traffic!
Now - Regina
• Speed: : 110 – 200 km/h• Travel time : 0:53 min• Energy: 0.10 kWh / pkm*• Current Energy use: 0.057
kWh/pkm
Environmental Effect of rail traffic and how new capital investment makes a difference
- Energy Usage Example: SwedenStockholm – Västerås
Early 1990s
Intercity trains (5-Wagons)• Speed: 110 – 130 km/h• Travel time: 1:18 min• Energy: 0.12
kWh/pkm*
~50% Energy saving with a
clearly shorter travel time !
*pkm = Passenger kilometer
Environment effect of Rail Transport – Energy Use and CO2 Emmissions
59 9380
10
20
30
40
50
60
70
80
90
100
Train Bus Car
g/p
asse
ng
er-k
m0,058 0,22 0,37
0
0,05
0,1
0,15
0,2
0,25
0,3
0,35
0,4
Train Bus Car
kWh
/pas
sen
ger
-km
Energy usage CO2-Emissions
With “Green
Electricity” CO2
emissions are only
0.006 g/pass-km
4 x
6 x
7 x
11 x
www.railworkinggroup.org
UIC Legal Group Information SessionParis, 19th February 2008
The Rail Working Group ViewThe Rail Working Group View
The Cape Town Convention: The Cape Town Convention: International Interests in International Interests in Railway Rolling StockRailway Rolling Stock
www.railworkinggroup.orgwww.railworkinggroup.org