SHIFT2RAIL is a joint technical initiative that will handle all railway research within Horizon 2020. The founding members are Trafikverket, Network Rail, Bombardier, Alstom, Siemens, Ansaldo STS, CAF and Thales, together with the European Commission. The total budget for the program during 2015-2024 is about 800 million €. Shift2Rail has five main innovation programs that can briefly be described as development of vehicles, signal systems, infrastructure, information systems and freight traffic. The overall ambitious targets are to double the capacity of the European rail system, and increase its reliability and service quality by 50%, all while halving the lifecycle costs.