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01 April 2020 The on-line newspaper devoted to the world of transports 07:45 GMT+2

November 22, 2019

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Original news
COSCO acquires a participation in the intermodal terminal of Budapest of Austrian RCG

The Chinese shipowning group wants to upgrade the railway connections with the ports of the Mediterranean and the Europe North

After more two-year-old than negotiations shipowning group Chinese COSCO Shipping, through the branch railway OceanRail, has signed an agreement with railway group Austrian ÖBB in order to acquire a quota capital of the Rail Cargo Terminal - BILK (Budapest Intermodal Logistic Center), the society - currently of entire property of the European company through the Rail branch Cargo Group (RCG) - that it manages an intermodal terminal to Budapest that covers an area of 223 thousand square metres and has a annual ability to traffic pairs to 230 thousand container teu.

COSCO Shipping has evidenced that the terminal Hungarian is placed in a strategic position to the crossing between the main logistic corridors east, the west, south and north of the European continent and is an important unwinds of the system of transport in central Europe and oriental in the within of the Mediterranean Corridor and the Corridor Oriental/Mediterranean Oriental of the transeuropea net of the transports TRIES.

COSCO Shipping has specified that it will actively contribute to the increase of the activity of the intermodal terminal of Budapest increasing some the efficiency and promuovendo the creation of a Network of railway connections that connect the hub Hungarian with the ports of the Pireo, Rijeka, Koper, of Trieste, of Amburgo and with other European harbour ports of call.

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