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European Commission clears HUF 21.6 bln railway project for support

The European Commission has cleared a HUF 21.6 billion railway development project in the Záhony region (NE Hungary) for support, the National Development Agency (NFÜ) told MTI on Wednesday.

The Commission approved 85% European Union funding for the project, which involves the renovation of almost 43km of broad-gauge railway.

Hungary aims to turn the Záhony region into a logistics hub for the entire region.