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OECD Rail Sector Understanding


The newly released "Sector Understanding" on Export Credits for Rail Infrastructure (RSU) is an innovative framework adapting to the OECD’s widely-accepted rules on export credits, and constituting a major achievement for the European Rail industry. The RSU is meeting the variable needs of public authorities and exporters, in both advanced and emerging economies, while helping to promote the use of rail as a viable alternative to road and air transportation, in the context of energy scarcity, fuel prices and climate change.
“Offering wider terms for the use of export credits in the rail sector will contribute to the creation of new railway projects, as well as the rehabilitation of existing rail infrastructure, which will reduce road traffic congestion and related carbon emissions and help countries achieve their sustainable growth objectives” declared David Drysdale, head of the OECD export credit division.
More information is available on the OECD website.