Hungary to build a fleet in its new seaport on the Adriatic?

According to index.hu, the project of building a “Hungarian port” in Trieste is already in the preparation phase. It came to light a couple of days ago that the transaction with which the Hungarian state bought a small maritime territory in Trieste, Italy, was successfully finished.

According to index.hu, the state-owned Adria Port Ltd. bought a 32-hectare territory in Trieste with a 300-metre-long seashore and the relevant concession rights. The purchase

cost EUR 25 million,

which is a bit more than nine billion forints. The deadline for the concession rights is 60 years. As it was known already before, the territory needs to be recovered because of its industrial past. 

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The Ministry of Foreign Affairs and Trade told index.hu that they increased the authorised capital of the company from EUR 1.8 million to EUR 16.8 million in December which will be used in the next phase of the project. The goal of the investment is to strengthen Hungary’s position in the international logistic chain and contribute to developing the country’s foreign trade. The ministry added that the government continues to investigate all other opportunities to reach its goal. However,

they do not want to create a fleet on the Adriatic Sea.

Based on the plans, the port will welcome small and medium cargo ships from where companies will forward their goods on railway and trucks towards Hungary and other countries. However, index.hu received a reader’s letter to which a map was attached showing that the sea near the port is very shallow. That means that even small ships will be unable to dock there. The ministry said that the map is not up to date and