In the context of the budgetary discussions for the post-2020 period, we – the European associations representing the rail sector – would like to explain in this joint paper why it is important for the European Union to continue investing in rail projects, particularly considering the benefits of rail transport for the economy and the whole society. Besides illustrating the European added value of rail projects, the paper also highlights the considerable financial resources still required to complete the TEN-T rail network, modernise and digitalise rail infrastructure in Europe for the benefit of Europe’s citizens.