Recently published research from Business Monitor International, "Romania Freight Transport Report Q4 2013", is now available at Fast Market Research
Boston, MA -- (SBWIRE) -- 10/10/2013 -- Following a year of mixed growth dynamics, 2013 will signal growth in all freight modes in line with Romania's economic outlook, however, a return to pre-downturn levels is still some way to go for most of the modes.
Total trade is projected to pick up with our Country Risk desk forecasting a y-o-y increase of 3.25% in 2013 following an estimated growth of 1.96% in 2012.
Road freight is to continue to dominate the sector and is projected to grow by 2% in 2013. The mode did not manage to defy the downturn but so far appears to have defied European Union (EU) pledges of a decrease in road haulage across the region; that is not to say, however, that road freight's market share is safe.
BMI notes that rail is the likeliest candidate in Romania's freight transport mix to benefit from any diversification away from road, although currently is expected to grow at a slower pace. The mode might benefit from the recent part-privatisation of Romania's national rail freight company CFR Marfa.
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Headline Industry Data
- 2013 Air freight tonnage is expected to grow by 9.4%
- 2013 Rail freight is forecast to grow by 1.6%
- 2013 Port of Constantza throughput is forecast to grow by 1.5%
- 2013 Road freight is forecast to grow by 2.8%
- 2013 Inland waterway freight is forecast to grow by 1.5%.
- 2013 Total real trade growth is forecast at 3.3%.
Key Industry Trends
CFR Marfa Part-Privatised- Romania finally succeeded in its attempts to privatise national rail freight company CFR Marfa. Romanian private railway company Grup Feroviar Roman (GFR) has become CFR Marfa's majority shareholder. GFR agreed to pay EUR202mn for a 51% stake in CFR Marfa and promised to invest a further EUR204mn in the company.
Works on Road Bridge Continue- The installation of metal deck has begun on the bridge which is being built near the port of Constantza. This road bridge will add the bypass connection of the port and the Bucharest-Constantza Motorway, the connection between the south part of the port and the national road network and will create a direct link between the north and south areas of the port of Constantza without transiting the town.
Six Bids for Constantza Master Plan- Six bids were submitted at the second stage of the tender to choose consultants for the development of the Master Plan of the port of Constantza at the end of June 2013. The first stage took place in November 2012, when eight candidates submitted their documents. Seven of them were invited to participate in the second stage, the technical and financial proposals for the creation of the Master Plan for the port.
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