Russia considering financing V0 freight railway bypass

Transport

Russia is ready to consider financing the V0 freight railway bypass around Budapest, as well as sharing its experience and know-how for the project, the Ministry for Innovation and Technology said after a videoconference between Minister for Innovation and Technology László Palkovics and Russian Minister of Transport Vitaly Saveliev, according to origo.hu.

The ministry said that the two sides welcomed the recent establishment of a joint rail cargo venture between Hungarian, Russian and Austrian companies.

Palkovics said Hungary aims to become a logistics and distribution hub for the transport of goods between Europe and Asia, noting that an upgrade of the Budapest-Belgrade rail line, which will become part of a corridor for bringing goods from China, has already started.

He said an environmental permit for the planned V0 railway bypass could be obtained by next spring, and a feasibility study completed by the summer of 2023.

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