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Rail link for HUF 30 bln East-West Gate terminal inaugurated in NE Hungary

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Photo by photos by keith / Shutterstock.com

East-West Intermodális Logisztikai on Wednesday inaugurated a rail link that will connect a HUF 30 billion intermodal logistics terminal it is building in Fényeslitke, near Hungary's borders with Ukraine and Slovakia, according to a report by news agency MTI.

East-West Intermodális Logisztikai CEO János Tálosi said the terminal, dubbed East-West Gate, is being constructed on an area of 85 hectares and will have the capacity to handle up to 1 million TEUs (twenty-foot equivalent unit) a year.

The terminal is expected to start operating by Q1 2022 and will employ a staff of 130-140.

Tálosi said there is "enormous interest" in the terminal both in Europe and in Asia, but acknowledged a degree of uncertainty considering a number of similar projects were started in Hungary in recent years but never reached fruition.

He said talks were underway on getting Chinese clearance for shipment of chemical products, such as batteries, as well as for electric cars that would give the terminal "limitless possibilities".

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