News in Brief
Lázár: Upgrade of Budapest-Belgrade rail line will be completed by September 30, 2025
János Lázár, Construction and Transportation Minister, said the renovation of 14 key rail lines could start in the near future.
Budapest-Belgrade Railway line
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News in Brief
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.
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Foreign Minister attends cornerstone laying ceremony for Belgrade-Budapest railway
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.
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Budapest-Belgrade railway line contract signed
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.
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Budapest-Belgrade railway line about to begin construction
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.
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Hungarian government launches new public procurement procedure for Budapest-Belgrade railway line
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
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Hungary-Serbia government summit kicks off today
Péter Szijjártó, minister of Foreign Affairs and Trade, began proceedings by meeting Jadranka Joksimovic, Serbia’s EU affairs minister
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Hungary's FM: China's loan for Budapest-Belgrade railway upgrade is the "most favorable" in the absence of similar European funding
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
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Budapest-Belgrade railway line takes shape as phase two gets underway
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