State Secretary Péter Szijjártó, who also serves as Government Commissioner in charge of Hungarian-Chinese bilateral relations, held talks about the financing and construction of the planned “V0” Budapest cargo rail ring in Beijing.

He met Deputy Minister of Commerce Jiang Yaopin as well as managers of Chinese rail construction firm CCECC and the Chinese Development Bank. He stated that the talks focused on ways to utilise a 1-billioneuro credit line that the Chinese Government allocated last May for development projects in Hungary. In line with a letter of intent signed between Hungarian railway company MÁV and CCECC in Budapest last week, talks are also under way about Chinese companies getting involved in the implementation of the project.

The Hungarian State Secretary emphasised that the Government wants Hungary to be the number one transit country in Eastern Europe for Chinese products transported to western Europe. The construction of the V0 rail ring should start next spring in order to make sure that Hungary maintains a good position in the region, he added. Hungary’s Government also signed a strategic partnership agreement with Huawei Technologies in Beijing.

(Prime Minister's Office)