Hungary invests $30 million in railway capacity for Ukrainian grain

Hungary will invest $30 million in the development of railway infrastructure to increase the volume of grain exports from Ukraine.

The Hungarian government has approved the project of the state railway company MÁV to attract 12.4 billion forints (about $29.5 million) of investment for the development of infrastructure near the Zahony-Chop border crossing, reports the Hungarian publication Iho.

The goal of the project is to increase the export of grain cargoes from Ukraine. It envisages the construction of broad-gauge railway tracks to the Zakhon station for further transshipment of goods on narrow gauge tracks. Also, the raised funds will be used to modernize and repair tracks and auxiliary infrastructure in the area of ​​Zahony, Eperjeske and Fenieslitke stations.

Most of Ukraine’s exports, affected by the russian invasion in February, are agricultural products. Hungary itself is interested in increasing the transportation of grain: due to the drought this year, the country needs to import grain from Ukraine.

As reported by USM, earlier Ukraine together with Hungary applied to the EU to increase the capacity of railway border crossings on the border of the two states.