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".