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MÁV, GYSEV to set up joint freight company

State-owned railway company MÁV Zrt and GYSEV Zrt, a railway company operating a line between Hungary and Austria which the state of Hungary owns together with Austria, will set up a joint freight company, business daily Napi Gazdaság reported on Wednesday.

GYSEV CEO Csaba Siklós confirmed the news, saying the company, to be called Bilk-Trans Kft, will handle freight deliveries between different terminals served by both railway companies. Another company called Hungária Intermodal Kft will be established to carry out logistics tasks related to the freight company. In addition to MÁV and GYSEV, Austria's national railway company OBB will hold stakes in the venture.
Siklós also said GYSEV and MÁV had agreed a few days earlier to participate together in developments at Hungary's biggest freight terminals in an effort to increase turnover.