The must-have newsletter about Hungary

Related Articles

SZIJJÁRTÓ: HUNGARY COULD PROFIT FROM CHINA-EU RAILWAY CARGO TRANSPORT

 

The railway transport of Chinese goods offers profitable opportunities for the Hungarian railway network, Péter Szijjártó, the minister of foreign affairs and trade, told an event of railway association HungRail. Hungary has already started revamping the Budapest-Belgrade rail line with a view to transporting Chinese goods from Greek ports to Europe via Hungary, Szijjártó noted. While that project will be operational by 2025, it would also be “important to draw direct railway cargo traffic from China to the European Union via Hungary”, thus “monetising” the country’s geographical position, he said. Such traffic would warrant further infrastructure development in the north-east of the country, such as the intermodal centre already under construction at Fényeslitke, he said. The 12 billion forint (EUR 33.3m) investment will be operational by the end of 2022, the minister noted. Another intermodal centre planned in the west of the country would be key to help exports reach sea ports swiftly, he said. Szijjártó again welcomed the construction of a container terminal in Zalaegerszeg, in south-western Hungary, saying the facility would draw further investments to the region. At the same time, he said central Europe was at a competitive disadvantage due to a lack of high-speed railway lines in the region. Regional cooperation now aims to construct railway lines linking Slovakia, the Czech Republic, Hungary and Poland, he said. Szijjártó praised the sector for withstanding well the coronavirus crisis. That makes it all the more important for Hungary to take its share from the growing traffic, he said.