Group responsible for Budapest-Belgrade rail line upgrade meets in Budapest

Pharma

A Hungarian, Serbian and Chinese workgroup established for the planned upgrade of the rail line between Belgrade and Budapest, which will become part of a corridor for bringing Chinese goods to Europe, met in Budapest yesterday, Hungarian news agency MTI reported.

 The workgroup met for the third time. Minister of Foreign Affairs and Trade Péter Szijjártó said Hungary and China could sign an intergovernmental agreement as well as a financing agreement on the project by October 31, clearing the way for the upgrade to start before the end of this year. China will send its financing offer by August 15, he added. Szijjártó put the cost of renovating the 166km of the rail line in Hungary at HUF 472 bln.

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