A Chinese company acquires stake in Rail Cargo Terminal-BILK Zrt.

The Ocean Rail Logistics S.A., part of the Chinese Cosco Shipping Group, has acquired a more than 15 percent stake in the Rail Cargo Terminal-BILK Zrt., which is a Hungarian member of the Austrian Rail Cargo Group (RCG).

On Wednesday, the Ministrer of State of the Ministry of Innovation and Technology (ITM) responsible for Transport Policy welcomed the agreement in Budapest.

According to Mosóczi László, this could lead to an increase in the efficiency of freight transport and an increase in rail freight traffic from China. (MTI)