Palkovics: Budapest-Belgrade railway project a “benchmark”
The project, worth a total 2 billion dollars and scheduled to be complete by 2025, will facilitate fast shipping of Chinese goods to Europe via Greek ports.
The project, worth a total 2 billion dollars and scheduled to be complete by 2025, will facilitate fast shipping of Chinese goods to Europe via Greek ports.
Péter Szijjártó attended the cornerstone laying ceremony for the Novi Sad-Kelebia section of the Belgrade-Budapest railway in Novi Sad, in northern Serbia, on Monday.
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.
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...
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
Péter Szijjártó, minister of Foreign Affairs and Trade, began proceedings by meeting Jadranka Joksimovic, Serbia’s EU affairs minister
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
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