When railmeans service

> INFRABEL AT THE HEART OF EUROPE

General Assembly EFRTC

28/11/2008

Luc VansteenkisteDirector General Rail Access

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CONTENTS

1. Infrabel today

2. Ambitions and outlook of traffic on the Belgian railway network

3. Investments and infrastructure projects

4. Conclusion

1. INFRABEL TODAY

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Become the crossroads of Europe

1. INFRABEL TODAY

OUR VISION

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- Infrastructure maintenance and development

- Traffic management- Pricing and allocation of train paths

INFRABEL WITHIN THE SNCB GROUP

VOTING RIGHTS80% + 1 VOTE

VOTING RIGHTS99 %

VOTING RIGHTS20% - 1 VOTE

VOTING RIGHTS100 %

Infrastructure manager

(Public Limited Company)(Public limited company)

Rail company(Public Limited Company)

- Stations and support services

- National travellers (public service)- International travellers (deregulation 2010)- Freight (deregulation 2006)

State

SU

BS

IDIA

RY

Minister of Public EnterprisesState Secretary for Mobility

1. INFRABEL TODAY

Infrabel's client operators

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OUR PUBLIC SERVICE MISSIONS

2 missions concerning maintenance and management of the infrastructure─ Renewal, maintenance and management of the rail infrastructure─ Management of regularity and safety systems

3 missions concerning access to the Belgian rail network ─ 2 essential functions carried out completely independently

• Non-discriminatory distribution and granting of capacities• Pricing, invoicing and collection of fees

─ 1 other mission• Provision of auxiliary services

1. INFRABEL TODAY

OUR STRATEGIC PLAN

The BRIO (Belgian Railway Infrastructure Objectives) strategic plan includes a number of key priorities for the future of Infrabel

6 company-wide strategic priorities

17 priorities at Management and General Services level

1. INFRABEL TODAY

1. Safety 2. Punctuality 3. Concentration of our

signalling boxes4. Optimising

logistics chains 5. Result-oriented

management 6. Implementation of a

Business Continuity Plan (BCP)

1. Safety 2. Punctuality 3. Concentration of our

signalling boxes4. Optimising

logistics chains 5. Result-oriented

management 6. Implementation of a

Business Continuity Plan (BCP)

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1. INFRABEL TODAY

OUR CLIENTS

23/05/08

23/01/08

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Infrastructure worksTurnover 2.5 billion €

Tracks 3,374 km of tracks

Signalling units 9,422

Level crossings 1,957

Signalling boxes 307

Traffic Control 1

ETP 12,748

KEY FIGURES

1. INFRABEL TODAY

Data as per 31/12/2007

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2. AMBITIONS AND OUTLOOK OF TRAFFIC ON THE BELGIAN

RAILWAY NETWORK

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OUR NETWORK MUST MEET THE EXPECTATIONS OF 3 TRAFFIC FLOWS:

2. AMBITIONS AND OUTLOOK OF TRAFFIC ON THE BELGIAN RAILWAY NETWORK

national travellers

Public service mission

Entrusted to SNCB by the State (management agreement)

international travellers

Commercial activities

Market deregulated as of 1 January 2010

national and international freight

Commercial activities

Market completely deregulated as of 1 January 2007

1 2 3

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GROWTH OUTLOOK

2. AMBITIONS AND OUTLOOK OF TRAFFIC ON THE BELGIAN RAILWAY NETWORK

Growth2008 – 2012

1. national travellers + 25%

2. international travellers + 34%

3. national & international freight+ 35%

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Safety

Punctuality

Network capacity

Deregulation International

travellers and freight

KEY CHALLENGES

2. AMBITIONS AND OUTLOOK OF TRAFFIC ON THE BELGIAN RAILWAY NETWORK

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3. INVESTMENTS AND INFRASTRUCTURE PROJECTS

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ALTERNATIVE FINANCING MECHANISMS FOR RAILWAY INFRASTRUCTURES Planning 2008-2012: 6.8 billion €2008

(All percentages are based on the financing of the long-range plan 2008-2012 as included in BRIO II)

State

Direct investment subsidies

Specific budgetary funds

74.4%

European Union

Iron Rhine

High-speed train

ETCS

Bru-Lux line

Diabolo

Alternative financing

Public Private Partnership(Diabolo, Liefkenshoek)

Prefinancing through the regions

1.1%24.5%

3. INVESTMENTS AND INFRASTRUCTURE PROJECTS

What projects?

3. INVESTMENTS AND INFRASTRUCTURE PROJECTS

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KEY PROJECTS IN BELGIUM

Completion of border-to-border high-speed rail network

Switching from 2 to 4 tracks on the main lines from and to Brussels (RER)

Developing intermodality in and around ports

Developing intermodality in and around airports

Zeebruges

OstendAntwerp

Athus

Key projects

Liège

Brussels

Ghent

3. INVESTMENTS AND INFRASTRUCTURE PROJECTS

1. THE PORT OF ANTWERP

1st circle in the port

2nd circle around the port

3rd circle new port access line

Deurganckdok

Liefkenshoekrail link

Ghent curve

BifurcationKrijgsbaan

2nd railwayaccess

BifucationSchijn

SteelRhine

Infrabel invests in the Port of Antwerp by implementing a strategy of CONCENTRIC CIRCLES

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3. INVESTEMENTS AND INFRASTRUCTURE PROJECTS

2. THE PORT OF ZEEBRUGES

Infrabel implements a step-by-step strategy to support the development of the Port of Zeebruges

20102015

2016

2018

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3. INVESTMENTS AND INFRASTRUCTURE PROJECTS

3. DIABOLO PROJECT (I)

Improved access to Brussels National Airport with a rail infrastructure linking the airport to:

All the stations in Brussels

The entire Belgian railway network

Several large European towns and cities (Lines: Amsterdam – Antwerp – Brussels – Paris and Frankfurt – Liège – Brussels – Paris)

Catalyst for economic development of the airport and surrounding areas

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3. INVESTMENTS AND INFRASTRUCTURE PROJECTS

3. DIABOLO PROJECT (II)

A total investment of €540M

Infrabel has joined hands with private partners (€290M) to position Brussels Airport on the European high-speed arteries

Paris / Amsterdam

Paris / Frankfurt

PPP agreed on 28/09/2007/ € 290M by private sector. First PPP of this scale in Belgium

The PPP Diabolo was recently concluded: Infrabel innovates and receives the PFI Award

A PUBLIC-PRIVATE PARTNERSHIP

Diabolo

The Netherlands

Nossegemcurve

Line Frankfurt – Liège – Brussels – Paris

Paris

Germany

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3. INVESTEMENTS AND INFRASTRUCTURE PROJECTS

4. RER (I)

Will make the train one of the best modes of transport for reaching Brussels within a 30km radius of the capital

Will provide a comprehensive and logical transport solution both in and around Brussels

The RER needs a large-scale expansion of the network’s capacity,and the development of a common policy towards ease of travel

- New easy travel within a 30km radius of Brussels

- 4 trains per hour at busy times

- Fares integrated with other modes of transport

- 120 modernised stations and halts, adapted trains

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3. INVESTEMENTS AND INFRASTRUCTURE PROJECTS

4. RER (II)

Infrabel is contributing to improved transport services in and around Europe’s capital

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3. INVESTEMENTS AND INFRASTRUCTURE PROJECTS

5. COMPLETE THE BELGIAN HIGH-SPEED RAIL NETWORK(I)

By the end of 2008, Belgium will become the first country to complete its border-to-border high-speed rail network

L3 – EASTERN BRANCH

LONDON

AMSTERDAM

PARIS

COLOGNE

FRANKFURT

L4 – NORTHERN BRANCH

Aix

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3. INVESTMENTS AND INFRASTRUCTURE PROJECTS

5. COMPLETE THE BELGIAN HIGH-SPEED RAIL NETWORK(II) L3 – EASTERN BRANCH

L4 – NORTHERN BRANCH

Brussels

Liège Brussels

Antwerp

Amsterdam

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3. INVESTMENTS AND INFRASTRUCTURE PROJECTS

6. ETCS

Infrabel has chosen to equip all its new linesexclusively with the ERTMS system

BRUSSELS BRUSSELS

ANTWERPANTWERP

LIÈGE LIÈGENAMUR NAMUR

By 2030By 2012

BRUGESBRUGES

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3. INVESTMENTS AND INFRASTRUCTURE PROJECTS

7. SUPPORT THE DEVELOPMENT OF THE LOGISTICS SECTOR

Infrabel: key partner of Corridor C in the form of a EEIG

The logistics sector requires large high-performance trans-european freight corridors (initiated by the member states)

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3. INVESTMENTS AND INFRASTRUCTURE PROJECTS

8. CENTRALISATION OF SIGNALLING BOXES

Infrabel is concentrating and modernising its signalling boxes

Before 2005: 368 signalling boxes

After 2012: 31 signalling boxes + 11 remote control units

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3. INVESTMENTS AND INFRASTRUCTURE PROJECTS

4. CONCLUSION

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TODAY AND TOMORROW

Infrabel contributes actively to the progressive implementation of a strong European network in partnership with the neighbouring networks

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4. CONCLUSION

THANK YOU FOR YOUR ATTENTION