Budapest-Belgrade High-Speed Railway - Serbian Section (Construction)
Locations
Type
Rail
Status
Under Construction
Total Reported Cost
—
Initiatives
Start Date
2017
Start of Construction
2017
Planned Completion Date
2020
Contractors
- —
Consultants
- —
Implementers
- —
Operators
- —
Funders
| Source(s) | Amount |
|---|---|
| 297,600,000 USD |
Description
This Chinese-backed high-speed railway is intended to link the capitals of Hungary and Serbia and has been celebrated as a flagship project under China's "16+1" format and Belt and Road initiative.
The Hungarian and Serbian sides combined, the total project is expected to cost 3.2 billion euros ($3.80 billion) and is slated to become the main transport route for Chinese goods that arrive by sea at the Greek port of Piraeus to other parts of Europe, according to Reuters.
Project data for this page was provided by Fitch Solutions, a Fitch Group company that focuses on country risk and industry research and analysis.