Budapest-Belgrade rail contract to be signed by May 25



The tender to upgrade the Hungarian section of the rail line between Budapest and Belgrade has been won by a Chinese-Hungarian consortium, state news portal reported.

Workers from China Railways International and China Construction Company have already started on the modernization of the Belgrade-Budapest rail line in the Serbian capital, as this image from October 2018 shows (photo by Fotosr52/

The company will sign a contract by May 25, said Minister of Foreign Affairs and Trade Péter Szijjártó.

Final details of the financing contract for the upgrade between Exim Bank of China and the Hungarian government are expected to be hammered out by the middle of summer, Szijjártó said. Construction could start early in 2020 and be completed within five years, he added.

China is financing 85% of the cost of upgrading the line, which will form part of a corridor for delivery of Chinese goods to Europe from the Port of Piraeus in Greece, reported.


POPIHN Raises Forecast for Fuel Consumption Energy Trade

POPIHN Raises Forecast for Fuel Consumption

Hungarian Lawmakers Ratify Finland's NATO Accession Parliament

Hungarian Lawmakers Ratify Finland's NATO Accession

Nolato Partners With Happy at Work HR

Nolato Partners With Happy at Work

Sümeg Castle Reopens History

Sümeg Castle Reopens


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.