New railways to be built in Hungarian-Chinese partnership
The two countries have struck deals in the past.
Discussions could begin soon between the Hungarian and Chinese governments about a joint collaboration. The aim is to build a railway, which would help Hungary become a transport, logistics and distribution centre in Central Europe. – wrote vg.hu.
The details of the collaboration will be defined by both parties, but specific projects will not be mentioned. The agreement could provide a general framework.
With the high-speed rail (HSR) developments, the V4 countries could be linked. Until now, there are four known projects: Budapest – Bratislava (Slovakia), Budapest – Prague (Czech Republic), Budapest – Warsaw (Poland) and Budapest – Cluj Napoca (also known as Kolozsvár, in Romania).
Read alsoMore investments came from the East to Hungary in 2021 than from the West
Hungary has great plans regarding railway development.
According to vg.hu, “in the spirit of its policy of opening up to the East, Hungary is constantly looking for new opportunities to expand its cooperation with Chinese partners”. One of the main goals of the project for Hungary is to become a transport, logistics and distribution center in Central Europe. This is the reason behind the government’s work to use modern and safe logistical methods to link regions and continents. China is an ideal partner for the project, as the country has accomplished to build two-thirds of the world’s densest total high-speed rail network. As Daily News Hungary formerly wrote,
railway constructions will clearly be in the focus of Hungary’s transport development endeavours in the next 10-15 years.
One of the most significant and talked-about railways is the Budapest – Belgrade route. The project will be finished by 2025 and is financed by China, Hungary and Serbia. Péter Szijjártó, Hungary’s Minister of Foreign Affairs said that “more and more Chinese commodities arrive in the Greek ports and need to be transported to Central and Western Europe. There is a sharp competition for providing a transit route for them”.
Read also Hungary, Russia, Austria to ship Chinese goods to Europe together
Source: vg.hu, DNH
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3 Comments
It’s called the Chinese Debt Trap in the West. Just look at the mess Sri Lanka has got itself into over the Hambantota International Port. To cut a long story short, Sri Lanka couldn’t meet the debt repayments and had to cede control over the whole area (and all profits it will generate) to 2 Chinese Companies on a 99 year lease. The Hungarian government is dancing with devil and will get its fingers (and those of future generations) badly burned.
– Spain, France and Germany are top producers of high speed trains in the world; but the government chooses China as partner.
– France has top technology for nuclear power stations; but the government chooses Russia as partner.
Why don’t we leave the European Union to be controlled by post-communist dictatorships? This way, the government could save a lot of money in media manipulation.
I have used this Forum countless times over the past 18 months – to express giving Factual examples – why this growing relationship Hungary has with China – is Perilous for its Future.
Budapest,Hungary – is the New Silk Road – the meeting of the East with the West.
Hungary – the Government “signing off” to China – we are seeing Hungary being very much a pivotol postion in Europe for China to continue to expand its markets and positioning it-self, that if countries like Hungary or “other” trading partners – the economies of these countries – FAIL – that China – likened to a Jackal, circling – will “jump in” and demolish its Prey – that will see its Presence & Existance in Europe expanded – DANGEROUSLY.
The indebitedness of Hungary to China – if the books were opened and conversation from the present Government conducted under a Candour – into the Public arena citizens of Hungary – the debt and “other” arrangements would be Mindboggling.
The deeper with China we venture with China – the likelehood of witnessing the abolition of our Sovereignty.