Boston, MA -- (SBWIRE) -- 03/14/2013 -- Following a year which BMI believes saw increasing volumes in all freight modes but one, 2013 will signal growth in all modes in line with Romania's economic outlook. Total trade is projected to pick up, with our country risk desk forecasting a y-o-y increase of 6.1% in 2013 following an estimated growth of 2% in 2012.

Road freight is to continue to dominate the sector and is projected to grow by 5% in 2013. The sector defied the downturn and so far appears to have defied 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 growth at a slower pace.

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Headline Industry Data

- 2013 Air freight tonnage is expected to grow by 2.4%.
- 2013 Rail freight is forecast to grow by 1.6%.
- 2013 Port of Constantza throughput is forecast to grow by 6.1%.
- 2013 Road freight is forecast to grow by 5.1%.
- 2013 Inland waterway freight is forecast to grow by 1.5%.
- 2013 Total real trade growth is forecast at 6.1%.

Key Industry Trends

CFR Marfa Privatisation Rolls Forward

As the end of 2012 was approaching, so too was the deadline for the privatisation of Romania's stateowned rail freight operator CFR Marfa. While the company has managed to attract interest from 86 investors and dominates Romania's rail freight sector, now is a tough time to privatise a rail freight asset as Bulgaria's BDZ Cargo found out earlier in 2012. BMI also highlights the growing competition in the European freight market, and we believe the only way for the company to put its losses and debt behind it is to expand its operations outside of Romania's borders.

Turkey Quits Motorway Project

Turkey will not take part in the construction of a major motorway from Romania via Bulgaria to Turkey and Greece after it decided to quit the project. The 300km motorway will connect the town of Ruse on Bulgarian border with Romania with the town of Svilengrad in the south of Bulgaria.

Constantza Upgrades Railway Infrastructure

Works have begun to improve the port of Constantza's railway infrastructure, with the project focusing on the development of the railway capacity in the river-maritime area of Romania's main port, now underway and to be completed in April 2014, 18 months after the works commenced. SC Consal Trade SRL Constanta will perform RON54.3mn worth works according to the contract with the port's authority NC Maritime Ports Administration SA Constantza.

Throughput At Romanian Ports On The Rise

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