Ranking of risk using the application of the AHP method in the risk assessment process on the Piraeus-Belgrade-Budapest railway corridor

The paper examines the application of the AHP method in risk assessment for the Piraeus-Belgrade-Budapest railway corridor, which is part of the "Belt and Road Initiative". The AHP method is employed to identify, analyze, and evaluate risks in five key areas: security, operational, economic, environmental, and political risks. The analysis includes the assessment of potential threats to infrastructure security, operational efficiency, economic sustainability, and environmental protection. The results are presented in a tabular format, providing insight into risk prioritization and their relative importance. This study contributes to the understanding of the complex challenges accompanying the implementation of major international infrastructure projects, offering a systematic approach to risk management and supporting decision-making within the comprehensive logistics chain connecting Asia and Europe.