The story
Foundation
EUROFIMA was established on November 20, 1956, by an international treaty between sovereign States (“Contracting States”). Initially founded for a period of 50 years.
In 1984 its mandate was extended until 2056 following a decision by the General Assembly to add another 50 years to the term.
Impact of market liberalization 2012-2018
As a result of the 2012-2016 liberalization of European rail markets under successive legislative packages, the European rail market structure changed. This change gave rise to more complex operating and contracting models, with subnational entities emerging as major rolling stock owners in countries such as the United Kingdom, Germany, and France.
In 2018, EUROFIMA's statutes were amended to clarify conditions for public transport authorities and private transport operators to become shareholders or access loans. These changes allow local or regional government guarantees in lieu of state guarantees.
From Wikipedia’s article on EUROFIMA, shared under CC BY-SA 4.0.5
