Three-way agreement signed on Budapest-Belgrade rail line

Museums

An agreement signed on Wednesday will pave the way for the modernization of the rail line between Budapest and Belgrade. 

The agreement was signed by Hungarian Foreign Minister Péter Szijjártó, Serbian Minister of Construction, Transport and Infrastructure, Zorana Mihajlovic and the deputy head of China's National Development and Reform Committee Xu Xianping, and will be followed up by the preparation of a feasibility study, and financing model for the project.

Mihajlovic said the final feasibility studies could be completed as early as the end of June, allowing work to start by year-end. The Chinese partner in the project is offering to finance 85% of the costs for a project with a total price tag of almost $3 bln.

ADVERTISEMENT

Czech Economic Confidence Weakens in February Analysis

Czech Economic Confidence Weakens in February

Parliament Elects Sulyok as New Hungarian President Parliament

Parliament Elects Sulyok as New Hungarian President

PwC Hungary to Introduce 4-day Summer Working Week HR

PwC Hungary to Introduce 4-day Summer Working Week

Diversity in Focus at AmCham Hungary's HR Dream Day Conferences

Diversity in Focus at AmCham Hungary's HR Dream Day

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.