DURING the past year, several major policy initiatives such as global agreements on climate change and sustainability, and Europe’s Fourth Railway Package, have been concluded. We also saw the completion of the Gotthard Base Tunnel in Switzerland, continuing rail and metro expansion in China, the completion of several metro projects in India, and the approval of high-speed lines in Britain, Russia, and Malaysia/Singapore. The Shift2Rail research programme in Europe is also now in full swing. These are all positive developments which should strengthen rail’s market position, but only if railways can seize these opportunities.