China May Open Central Europe Cargo Base in Hungary, Index Says

China’s Shanghai Construction Co. may purchase an unused airport in western Hungary to set up a central European cargo base, Index reported, without citing anyone.

The development, with an estimated value of 100 billion forint ($529 million), may be agreed during the two-day official visit to Hungary of Chinese Prime Minister Wen Jiabao, starting today, according to the news portal.

Hungary and China held extensive talks on the future of the airport, situated near the town of Szombathely, 227 kilometers from Budapest, prior to the 2010 elections, Index said.

To contact the reporter on this story: Edith Balazs in Budapest at ebalazs1@bloomberg.net

To contact the editor responsible for this story: James Gomez at jagomez@bloomberg.net

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