ABSTRACT
Contents 12.1 Introduction of Hungarian State Railways ..........................................205 12.2 Hungary on the New Silk Road ..........................................................207 12.3 Modes of Transportation .....................................................................208 12.4 Current Financial Situation of MAV ...................................................209 12.5 EU Investment in Hungarian Infrastructure ....................................... 210 12.6 China’s Investment in Hungarian Infrastructure ................................ 211 12.7 Areas to Be Impacted by the New Silk Road ....................................... 213 12.8 Conclusions ......................................................................................... 214
Hungarian government, which also inherited duties to support local railway companies. A law in 1884 provided a simplied way to create railway companies, and the development of railway speeded up. By the time the Austro-Hungarian Empire collapsed, Hungary had around 22,000 km of railway track. In particular, the company of Ábrahám Ganz invented a method of “crust-casting” to produce cheap yet sturdy iron railway wheels, which greatly contributed to the rapid development of railways in Central Europe.
