Revised Final Programme

September 9, 2004

WORLD BANK’S VISIT TO FINLAND

September 27-28, 2004

Location: VR Headquarters at the Central Railway Station building complex. Entrance at the Railway Square at Vilhonkatu. Street address: Vilhonkatu 13, Helsinki

Five minute walk from the hotel (Holiday Inn City Centre).

Program:

Monday, September 27, 2004

9.00-12.00 Introduction of activities of VR Group (speakers: Mr Kuitunen, Mr Simos)

Freight transport

Business process organization and management at VR

Freight market demand for rail/marketing/sales/VR customer needs and

satisfaction

Pricing of freight services at VR

Track access charges

How is competition from the trucks faced?

Intermodal transport

Short lines: what has been done with low volume rail lines?

Comments by World Bank (Martin Humphreys)

12.00-1.00p Lunch (hosted by Mr Simos)

1.00-3.00p Passenger transport (speakers: Mr Jaatinen, Mr Rosenholm)

Passenger transport markets

Public service contracts, subsidized tickets and their pricing

Track access charges

Comments by World Bank (Sunja Kim)

3.30-5.30p Track maintenance (speaker: Mr Niemimuukko)

Organization

IT technology in track maintenance; track maintenance scheduling, costs

and financing

Track maintenance service delivery

The balance sheet of the railway infrastructure, incl. depreciation of

track

Short lines: what has been done with low volume rail lines

Comments by World Bank (Martha Lawrence)

Evening free

Tuesday, September 28, 2004

9.00-12.00 Russia (speakers: Ms Minkkinen, Ms Väätäinen, Dr. Wolff)

Railway business processes in freight and freight markets in Russia

Pricing, payments, wagons, train operations

Railway reform in Russia

Key issues in Russian Railways as seen from VR

Presentation on Russian railways. Speaker Dr. Wolff

Comments by World Bank (Ben Eijbergen)

12.00-1.00p Lunch (hosted by Ms Minkkinen)

1.00-1.30p IT policy of VR Group (speaker: Ms Creutz)

IT technology in freight and passenger traffic

IT technology in train operations

1.30-2.00p Services of VR-Track Ltd (speaker: Mr Harjula)

2.00-4.30p Management of modern railways (speakers: Mr Kuitunen, Mr Simos, Mr Konishi)

The market

Investment decisions in a vertically separated railways

Non-core services and activities. Has everything been sold?

The structure of the balance sheet of VR

How does European Union regulation and transport policy effect on VR’s activities?

Key issues in Russian Railways as seen from VR

Workshop wrap-up. Mr Konishi, The World Bank

6.30-8.30 pm Dinner (hosted by Mr Kuitunen)

VR-Group Ltd

Mr Henri Kuitunen, President & CEO

Ms Sirpa Creutz, IT Director

Ms Päivi Minkkinen, Head of International Affairs

VR-Ltd

Mr Tapio Simos, Managing Director

Mr Antti Jaatinen, Director, Passenger Services

Mr Kari Pekka Rosenholm, Regional Director of South Finland

Ms Maria Väätäinen, Senior Manager of International Operations

VR-Track Ltd

Mr Harry Harjula, Head of Railway Consulting

Finnish Rail Administration

Mr Ossi Niemimuukko, Director General

World Bank ECA Transport Group Program on Wednesday Sept 29, 2004

Location: Opastinsilta 12A, Pasila, Helsinki. FinnRA Traffic Monitoring Center Conference Room.

(Take any train from the Central Railway Station to the first stop at Pasila. There is a train every few minutes, the trip takes about 5 minutes and all trains stop at Pasila. Take the escalator up from the platform, turn left and using the pedestrian bridge go to the building across the street. Walk to the door marked 12B where a person will meet you. Please arrive between 8:45 and 8:55)

Program:

09:05 Organization structure and Strategic Directions of FinnRA as a Client Organization.

Jani Saarinen, Director, FinnRA (15min)

09:20 FinnRA procurement strategy; maintenance contracting and DBFO

Markku Teppo, Director, FinnRA (15min)

Discussion 10-15 min

09:45 Private sector experience in the Finnish PPP projects

Timo Kohtamaki, Vice President LEMCON (15min)

10:00 Private sector view on area maintenance contracts

Ari Junttila, Sr. Vice President, Lemminkainen, (15 min)

Discussion (15 min)

10:30 WB Transport Group Retreat

Coffee served around the table

Lunch buffet at 12:30 hosted by FinnRA

Closing at 17:00

Participants and dates for hotel reservations on the next page

Participants:

Motoo Konishi Transport Sector Manager Sun-Thu

Ben Eijbergen Sr. Transport Specialist Sun-Wed

Martha Lawrence Sr. Transport Specialist Sun-Thu

Gerald Ollivier Transport Specialist Sun-Thu

Olivier Le Ber Sr. Transport Specialist Sun-Thu

Sunja Kim Sr. Financial Analyst Sat-Thu

Anca Dumitrescu Transport Specialist Sat-Wed

Cesar Quieroz Lead Highway Engineer Sun-Thu

Martin Humphreys Sr. Transport Economist Sat-Thu

Cordula Thum Transport Specialist Sun-Thu

Michel Audige Lead Transport Specialist Sun-Wed

Luisa Velardi Consultant Sun-Wed (VR only)

Henry Kerali Sr. Transport Specialist

Paul Guitink Sr. Transport Specialist Sun-Wed (VR only)

Periklis Saragiotis Transport Specialist Sun-Thu

Radoslaw Czapski Project Officer Sun-Wed

Satoshi Ishihara Social Development Scientist Sun-Wed

Christoph Wolff McKinsey Consultancy (VR only)

Antti Talvitie Consultant