According to reports, the Chinese have ceased financing the construction, and their employees have halted work.
Companies owned by the billionaire investor Lőrinc Mészáros, a key ally of Prime Minister Viktor Orbán, have been overseeing the project in collaboration with Chinese partners.
The original plan was to build a high-quality railway line linking the Chinese-owned port of Piraeus, Greece, to Western Europe via Hungary, Serbia, and North Macedonia.
However, Mészáros has now scaled back his companies' involvement in the project, causing the Chinese to halt both work and project financing, the report notes.
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