News in Brief Budapest-Belgrade railway line contract signed Jun 13, 2019 The upgrade of the Hungarian section of the Budapest-Belgrade railway line is to go ahead after the contract for planning and implementation has been signed.
News in Brief Budapest-Belgrade railway line about to begin construction Jun 07, 2019 Mihály Varga, Minister of Finance, said in a statement on Thursday that the Hungarian state is financing 85 percent of the investment using a Chinese loan while the remaining 15 percent will come from its own resources.
News in Brief Hungarian government launches new public procurement procedure for Budapest-Belgrade railway line Dec 20, 2018 The projected cost of upgrading the 152-km section between Budapest and Kelebia, on the border with Serbia, was 578 billion HUF (1.79bn EUR) in May 2018, but the best offer made since then has been 693 billion HUF
News in Brief Hungary-Serbia government summit kicks off today Feb 09, 2018 Péter Szijjártó, minister of Foreign Affairs and Trade, began proceedings by meeting Jadranka Joksimovic, Serbia’s EU affairs minister
News in Brief Hungary's FM: China's loan for Budapest-Belgrade railway upgrade is the "most favorable" in the absence of similar European funding Jan 12, 2018 Péter Szijjártó, minister of Foreign Affairs and Trade, said there was no competitive financing alternative available in Europe for infrastructural investment - the 18-year US dollar loan from China with annual interest rate of 2.5 percent was the best option
News in Brief Budapest-Belgrade railway line takes shape as phase two gets underway Nov 28, 2017 The 350-kilometer railway will link Budapest with Belgrade. Trains will travel at over 200 kph and the journey time will be cut from 8 hours to just 2 and a half