Gulf Construction Online - Hungary and Ukraine ready $1.1bn border plan

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Hungary and Ukraine ready $1.1bn border plan

04-12-2024

Hungary and Ukraine will submit a €1 billion ($1.1 billion) plan to develop their common border area to the EU, reported GCR citing officials from the two countries.

The plan will include building two motorways and a freight crossing point, it stated.

In addition, a two-year renovation and expansion of infrastructure in the town of in Astei, on the Ukrainian side border, will be undertaken.

The work will be financed by the two countries, as well as private investment, with €9.6m from the EU, it added.

Levente Magyar, Hungary’s parliamentary state secretary for foreign affairs, said: "We will also soon open the border crossing point between Nagyhódos and Velyka Palad, which will be the sixth crossing point."

He said the planned integration of the European and Ukrainian economies would be 'impossible' without the project.

Viktor Mykyta, the deputy head of the Ukrainian Presidential Administration, said the huge volume of goods crossing the border would require improvements.

"Today we have taken a small but important step: the opening of the Astei crossing will ensure the flow of empty trucks to Hungary, and the first two trucks crossed from Ukraine to Hungary today," he added.