Budapest-Belgrade Rail Upgrade Feasibility Study To Be Completed Soon
Budapest, June 6 (MTI) – A feasibility study for a high-speed rail line linking Budapest and Belgrade will be completed at the end of June, the press chief for government commissioner for Hungarian-Chinese ties Peter Szijjarto said today.
Speaking after the first meeting of a Chinese, Hungarian and Serbian intergovernmental committee in Beijing, Judit Fulop said the study would contain a proposal for Chinese credit for the 3 billion euro investment.
The investment would raise the speed of rail travel between the two capitals to 160km/h, cutting the travel time between them to under three and a half hours. The line could be a passage for Chinese goods shipped to Europe via ports in Greece.
Szijjarto met the heads of the Bank of China, who said they had agreed with the National Bank of Hungary on setting up a CEE regional centre in Budapest soon.
Szijjarto discussed further investments in Hungary with the head of Wanhua, which owns Hungarian chemicals company BorsodChem.
He also conducted talks on the re-launch of the Beijing-Budapest air link, Fulop said.