Russia plans to fund V0 freight rail bypass
Transport
Russia is ready to consider financing the V0 freight rail bypass around Budapest, as well as to share its experience and know-how for the project, the Ministry of Innovation and Technology said after of a videoconference between Minister of Innovation and Technology László Palkovics and Russian Minister of Transport Vitaly Saveliev, according to origo.hu.
The ministry said both sides welcomed the recent establishment of a rail freight joint venture between Hungarian, Russian and Austrian companies.
Palkovics said Hungary aims to become a logistics and distribution hub for transporting goods between Europe and Asia, noting that an upgrade of the Budapest-Belgrade railway line, which will part of a corridor to transport goods from China, has already begun.
He said an environmental permit for the planned V0 rail bypass could be obtained by next spring, and a feasibility study completed by summer 2023.
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