Austrian rail firm on the risk management fast track
Rail companies have something of a reputation for being old fashioned and financially inept – in the UK at least. The UK’s Railtrack, for example, famously went into administration in October 2001, emerging a year later as a new ‘not-for-dividend’ business, Network Rail, operating with the help of £21 billion ($33 billion) in loans and grants. Its shadow still casts a cloud over the UK rail business, and investors are cautious about plowing money into the problem-laden sector.
However
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