Budapest-Belgrade rail upgrade deal signed with China
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Riga, November 5 (MTI) – The deal with China on upgrading the Budapest-Belgrade rail line was signed on Saturday during a China-CEE summit in Riga, Foreign Minister Péter Szijjártó told journalists.
Szijjártó said that Hungary and China had reached “a new milestone” in ties. Hungary has always shown commitment to furthering cooperation between central and eastern Europe and China. But today’s agreement concerns the first large-scale cross-border CEE investment financed by China, he added.
He noted that the region’s north-south infrastructure is less developed than that traversing east and west, adding that China had “a very important role” to play in developing the former.
The minister emphasised the importance of investment cooperation with China, given its financial strength and high technological standards.
The agreement signed today concerns Hungarian state rail company MÁV entrusting a China-Hungary joint venture that will be responsible for carrying out the upgrade of the Budapest-Belgrade line, he noted.