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IT minister attends Hungary-Serbia-China working group on Budapest-Belgrade rail line
July 5th, 2019
The upgrade of the Budapest-Belgrade railway line is already under way on the Serbian side and works in Hungary are being prepared, Innovation and Technology Minister Laszlo Palkovics said on Friday after a meeting of the Hungarian-Serbian-Chinese working group coordinating the project. The Budapest-Belgrade rail line is being upgraded with Chinese financial and technical contributions, including a Chinese loan covering 85 percent of the expenses. The railway is part of the Chinese Belt and Road initiative. At a joint press conference with Serbian Transport Minister Zorana Mihajlovic after the meeting, Palkovics said the railway would become the flagship project of Sino-Hungarian cooperation but had also become a cornerstone of cooperation among central European countries.
MTI