Palkovics: Budapest-Belgrade rail project 'benchmark'

The upgrade project of the Budapest-Belgrade railway line, now under way, will be a "benchmark" as this is "the first Chinese-Hungarian development project implemented under the European Union's rules in cooperation with Chinese partners in Hungary", the minister of technology and Industry said in Kiskoros, in southern Hungary, during an on-site visit on Friday. Laszlo Palkovics said 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.