China has secured a deal to construct a high-speed train link between Serbian and Hungarian capitals that will cut travel time between Belgrade and Budapest from eight to less than three hours.
The 400-kilometer (250 miles) railway is part of China’s ambitious plans to speed up the delivery of its exports to central Europe through Greece’s port of Piraeus. The Belgrade-Budapest line is to be completed by mid-2017.
China’s Prime Minister Li Keqiang attended the signing of rail and customs documents Wednesday by Serbian Prime Minister Aleksandar Vucic and his Hungarian counterpart Viktor Orban.
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The ceremony took place at an economic summit in Belgrade between China and 16 central and eastern European states.
Source AP
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