Kazakhstan and Hungary want to boost Silk Road traffic 16/04/21
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Kazakhstan and Hungary want to boost Silk Road traffic
The developer of the East-West Gate (EWG) intermodal terminal, being built in Hungary and the Kazakh EuroTransit Group, which operates several terminals on the Kazakh-Chinese border, will cooperate in providing a fast and reliable transport route. The parties signed an agreement for cooperation at the ongoing TransRussia International Transport and Logistics Exhibition in Moscow.
East-West Intermodal Logistics Plc, the company currently developing the EWG in Fényeslitke, Hungary and the Kazakh EuroTransit Group are jointly looking for partners. They are offering them complex logistics services between Asia, mainly in Western and Inner China as well as the European Union, under a long-term cooperation agreement.
East-West Gate
East-West Gate is a promising terminal currently under construction. It lies near the border of Hungary and Ukraine, on a route that could provide for an alternative to the heavily consumed route through Poland and Belarus. What is more, it is promising to become the largest intermodal terminal in Europe.
When announcing the agreement in Moscow, Norbert Konkoly, Hungarian Ambassador to Moscow, emphasised that with the investment in Fényeslitke, Hungary could once again become a key player in international rail transport. Hungary is a gateway between the East and the West, and the East-West Gate project will be a tangible realisation of this, he emphasised.
Kazakh EuroTransit Group
The Kazakh EuroTransit Group is a major player in freight traffic between Asia and Europe, a traffic management and transportation group that operates one railway- and several truck terminals on the Kazakh-Chinese border and is currently building a second railway terminal to handle the growing traffic.
Erlan Dikhanbayev, CEO of EuroTransit, said the operation of their railway terminal in Dostyk, the most important transshipment area on the Kazakh-Chinese border, would be coordinated with the East-West Gate in Fényeslitke. Until the two terminals are realised, the shipping base will be built and workflows will be synchronised, which will allow the terminal to operate at full capacity immediately after being handed over.