On the afternoon of November 5, the Summit of China and Central and
Eastern European Countries was held in Riga,
capital of Latvia.
At the summit, witnessed by Chinese Premier Li Keqiang and leaders of 16
Central and Eastern European countries including Serbian Prime Minister Aleksandar Vucic, on behalf of the
Chinese consortium, CCCC Vice President Sun Ziyu and the head of China Railway
International Group (CRIG) signed a business contract with the Serbian
government for the first section of Hungary-Serbia Railway in Serbia, marking
that the China-Hungary-Serbia cooperative project of Hungary-Serbia Railway has
entered the implementation stage.
Stretching from Budapest, capital of Hungary
and Belgrade, capital of Serbia, the project is an important channel among
Pan-European corridors. With a full length of 350 kilometers and a designed
speed of 200km/h, the
line is a passenger-cargo electric railway, will use Chinese technologies and
equipment, and will accord with the European Technical Specification for
Interoperability. After its completion, the travel time between Budapest and Belgrade
will reduce from eight hours to less than three hours. The Serbian section of
Hungary-Serbia Railway will be undertaken by the consortium of CRIG and CCCC,
and financed by the Export-Import Bank of China.Hungary-Serbia Railway is a
major project implemented under the "Belt and Road" strategy with the
great attention of the Chinese premier and his Hungarian and Serbian
counterparts, is an early result of the "Belt and Road" strategy, as
well as a flagship project in China's cooperation with Central and Eastern
Europe. The project will further upgrade existing Hungary-Serbia Railway, build
a land and sea express line in Central Europe, effectively promote regional
development, benefit locals, accommodate the interests of different sides, and
further deepen China's cooperation with Central and Eastern Europe.
Hungary-Serbia Railway is the first railway constructed by Chinese enterprises
in Europe. The project will open the door to
the European railway market for CCCC and other Chinese enterprises.