Rail ring road around Budapest, airport high-speed railway to be built with Chinese investment
During Chinese President Xi Jinping’s visit to Budapest, a total of 18 important agreements were signed between Hungary and China. These include the construction of a rail ring road bypassing Budapest and a high-speed railway connecting Budapest Airport with the capital.
In the framework of China’s Belt and Road strategy for the development of east-west connectivity, the two countries have drawn up a list of projects to be jointly implemented, iho.hu writes, based on the Hungarian News Agency (MTI).
New plans: rail ring road, high-speed railway to Budapest Airport
Illustration. Photo: depositphotos.com
This list of projects has been extended to include the preparation of the construction of a rail ring road bypassing Budapest, formerly known as the V0 project, as part of a joint Sino-Hungarian development.
According to foreign minister Péter Szijjártó, this is very much needed due to the fact that there is significant Chinese investment in Hungary, mainly in the eastern half of the country; however, the products produced here will be mostly sold in the western half of Europe. Thus, transport needs to be made more efficient and sustainable.
At the same time, a high-speed railway link is being prepared to ensure fast and civilised access from the airport to the centre of Budapest (read details about the high-speed railway link HERE). The minister pointed out that Hungary offers direct flights to seven major Chinese cities, with 19 flights a week.
Electric car charging network
Photo: Alpár Kató – Daily News Hungary ©
In addition, the parties also agreed to start developing the electric car charging network, in order to charge electric cars as quickly as possible in as many parts of the country as possible. According to the minister, “electric cars are the future, and this is how we can protect our environment.”
Read also:
- Surprising: Private super railway may connect Budapest Airport with city centre – UPDATED
- Another Chinese city to be directly accessible from Budapest this summer!
Featured image: depositphotos.com
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2 Comments
Sign with communist China, they only want to help the country. He, he, he… now pay the piper… like Hungary’s other bad bets it will only cost their freedom.
Great idea the Hungarians are doing business with a Global Giant that is keen to invest in Hungary in order to access the EU .
The Chinese are the leading BRICS and SCO Nation, they are the largest Economy on Earth ( ppp ) .
They want to invest in the EU and in particular the States that are welcoming ,…..lime Hungary.
At leadt the Chinese do not use the classic Western “ debt trap” where the Nation borrows from a larger Economy , then have to repay at 30% returns .
China is seeking partner States in the EU, Africa and South America and Hungary has shown itself to be a willing recipient of Billions in Chinese inward investment that will help to grow the Economy of Hungary .