Russian Transport Minister Vitaly Savelyev told Innovation and Technology Minister László Palkovics in a video call that Russia was prepared to share its experience and know-how with Hungary for the construction of the so-called V0 railway line from running from Záhony on the Ukraine-Hungary border, through Győr, in western Hungary, to the Hungary-Austria border, and would examine how it could help finance the project, ITM said in a statement.

The project’s environmental permit could be obtained by next spring, while the feasibility study could be completed by summer 2023, the ministry cited Palkovics as saying.

Palkovics and Savelyev also welcomed the establishment of a Hungarian, Russian and Austrian cargo joint venture last year.

The JV will focus on bringing imports from China to southern Europe via Russia and Hungary, the ministry noted. Meanwhile, the ministers highlighted the importance of scientific and technical cooperation between their research institutes, universities and rail companies.

They also welcomed the signing of a memorandum of understanding between the ITM and the management of Russian truck maker KAMAZ on establishing an electric vehicle R&D base In Hungary.