Servtrans considers entering consortium in view of CFR Marfa privatisation

Servtrans, one of the leading private players on the rail freight market, could take part in the privatisation of CFR Marfa (the national rail freight operator) in an international consortium, after its involvement in the privatisation of the Hungarian operator MAV Cargo. “I think CFR Marfa is worth around 2 billion euros, but I don’t believe a Romanian company could handle this independently. However, we do not rule out the possibility of being associates in an international consortium,” said George Buruiana, general manager of Servtrans. Servtrans is controlled by businessman Cristian Burci through International Railway Systems, which is also the owner of rolling stock manufacturers Romvag Caracal, Astra Vagoane Arad and Meva Mehedinti. International Railway Systems is taking part in the privatisation of MAV Cargo, as part of the MC Solutions consortium. Servtrans estimates it will post business worth 35 millions this year, up around 35% on last year, instead of the 10% increase initially estimated.