19 November 2021 Europe

Spain Has Become The Latest State To Sign The Luxembourg Rail Protocol To The Cape Town Convention

Spain has become the latest State to sign the Luxembourg Rail Protocol to the Cape Town Convention. The signing ceremony took place on 10thNovember 2021 at the headquarters of UNIDROIT, the International Institute for the Unification of Private Law, in Rome.

Spain Has Become The Latest State To Sign The Luxembourg Rail Protocol To The Cape Town Convention

His Excellency, Mr Alfonso María Dastis Quecedo, Ambassador Extraordinary and Plenipotentiary of the Kingdom of Spain in Italy, signed the Luxembourg Rail Protocol. The Ambassador was accompanied by Mr Moisés Morera and received by the Secretary-General Prof. Ignacio Tirado, Deputy Secretary-General, Prof. Anna Veneziano, Principal Legal Officer and Treaty Depositary Ms Marina Schneider. It is expected that Spain will move to ratification during the course of 2022.

Prof. Teresa Rodriguez de las Heras Ballell, co-chair of the RWG Spanish Contact Group, also attended the ceremony. “This marks a major milestone in our work to open the Spanish rail sector to private finance, leading to a more dynamic and competitive industry” she commented. “With two major rolling stock manufacturers and a vibrant high speed rail network, Spain is a major participant in the rail sector and ratification will represent a significant move forward for Spain in both domestic and international rail operations” said her co-chair Jose-Luis Lorente Howell. “Since the Protocol has already been adopted by three states and the fourth ratification will complete one of the conditions for the Luxembourg Rail Protocol entering into force, we hope that Spanish ratification will also be a catalyst for further speedy adoptions of the Protocol around the world, at a time when the railways urgently need new private investment if they are to fulfil their potential as a major tool against climate change” he added.

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