About us 
Objectives & Principles
Objectives
The objectives of the Rail Working Group are:
to work with the rail industry, government and government agencies to
raise awareness of the proposed Rail Protocol and to promote its adoption
in a form that will encourage greater and more cost-effective financing
by the private sector of capital investment in railway rolling stock.
Principles
In pursuit of its objectives, the RWG has established the following central principles:The Rail Working Group
• Supports increased capital investment in railway rolling stock.
• Believes that private sector finance is the key to effective and expanding
rolling stock procurement in the rail industry.
• Considers that adequate and internationally applicable security systems
are essential to encourage more private investment in rail rolling stock.
• Supports the application of the 2001 Cape Town Convention on International
Interests in Mobile Equipment to all railway rolling stock through the
adoption of the Luxembourg Rail Protocol.
• Encourages the rail industry to press for the Luxembourg Rail Protocol’s
prompt signature and ratification and urges its implementation in a cost-effective
manner, taking into account current business and operational practices.
Recommends to manufacturers that they introduce as soon as possible (where
they have not already done so) unique identification systems for each
item of rolling stock they produce.
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