Szijjártó, Chinese Official Discuss Budapest-Belgrade Railway Project
- 31 May 2016 9:00 AM
Foreign Minister Péter Szijjártó met Wang Xiaotao, deputy director of China’s National Development and Reform Commission, to discuss issues around the Budapest-Belgrade railway refurbishment project, in Budapest. Parties at the talks agreed that the legal framework for the scheme would be “fully in line with European regulations”, the foreign ministry said.
“The project will significantly improve Hungary’s position in the competition of central European trade routes to western Europe. These goods arrive by sea from China to Greece.
Therefore Hungary will retain its leading position in the China-central Europe race,” the ministry said. China is financing 85% of the 472 billion forint (EUR 1.5bn) cost of the upgrade, which will make the railway line part of a corridor for bringing Chinese goods to Europe.
Republished with permission of Hungary Matters, MTI’s daily newsletter.
MTI photo: Koszticsák Szilárd
LATEST NEWS IN getting around