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