ECONOMIC AND FINANCIAL CRISIS IMPACT ON RAIL SECTOR

Gheorghe - Stelian Balan () and Mariana Nicolae-Balan ()
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Gheorghe - Stelian Balan: S.C. ALSTOM Transport S.A. Bucharest

Internal Auditing and Risk Management, 2010, vol. 3, issue 19, 30 - 38

Abstract: Among transport modes existing today, rail remains of great interest because of certain benefits arising from that is the least polluting and most environmentally friendly. These are just some of the reasons why, in recent years, the European Union's strategy is trying to develop and implement programs to revive rail transport in the Community and to draw more traffic to this type of transport. Economic and financial crisis that has put imprint on the sector and the economy. The paper proposes a brief analysis of the development of rail passengers and freight in the Union Europe in period 2006-2009. As a transport sector with less risk factor than other types of transport, the paper presents a risk profile of railways.

Keywords: rail; risks in rail transport; effects of the crisis in rail transport (search for similar items in EconPapers)
JEL-codes: J22 J31 L62 L92 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ath:journl:tome:19:y:2010(iii):i:19:p:30-38

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