MÁV, Serbian Railways sign declaration of intent on Budapest-Belgrade line
State-owned Hungarian railway company MÁV and Serbian Railways on Friday signed a declaration of intent on renovating the line between Budapest and Belgrade.
The declaration was signed by MÁV chairman-CEO Ilona Dávid and Serbian Railways CEO Dragoljub Simonovic.
At a meeting of the Hungarian-Serb Joint Economic Committee in February, the sides agreed to make the line a double, fully electrified one, capable of handling speeds up to 160 kilometers/hour.
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.