Budapest Airport projects double-digit growth in cargo from China
Budapest Airport, the operator of Ferenc Liszt International Airport, projects double-digit growth in the volume of cargo arriving from China this year compared to a year earlier, Hungarian news agency MTI reported late Friday.
Last year, USD 700 million worth of Chinese cargo transited through the airport, Budapest Airportʼs communications officer Mihály Hardy told MTI.
Chinese partners are intensively looking for the location of a new Central and East European logistics base, and the management of Budapest Airport would like them to pick the Hungarian capital, the company said in a statement.
Cargo City, the airportʼs new cargo handling base under construction, could help the development of a Chinese regional distribution base, the company added.
Phase one of the investment, which includes the 20,000 square-meter building, is expected to be completed in the second half of next year.
Budapest Airport processed 70,000 tons of cargo in the first half of this year, up 15% from a year earlier. Cargo volume grew 39% over the past two years, reaching 127,000 tons in 2017.
ADVERTISEMENT
Number of Bank Branches Continues Decline
Gov't to Launch HUF 20 bln Workers Hostel Program
Transport Minister Submits Train, Bus Fare Reform Plan to Go...
Heineken Balaton Sound Announces 1st Phase Lineup
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
