Chinese initiative to build high-speed rail
The Chinese Embassy in Budapest has launched an initiative for the construction of high-speed rail on Corridor 10 between Belgrade and Budapest.
Thursday, 21.02.2013.
13:41
BELGRADE The Chinese Embassy in Budapest has launched an initiative for the construction of high-speed rail on Corridor 10 between Belgrade and Budapest. Tanjug is quoting Serbian Ministry of Transport sources who on Thursday said that the rail would have trains traveling faster than 300 km/h. Chinese initiative to build high-speed rail The total value of the investment would add up to EUR 2 billion, early estimates show. According to Chinese representatives, officials should discuss the possibility of building the railway for trains that go at speeds of over 300 km/h since it would be built in almost perfect conditions thanks to the environment. Trains connecting the two countries would be modern, of the latest generation which are used in China nowadays. Hungary knows about the idea and the first steps in terms of the initiation of talks have been made, and report about this has been presented during the recent meeting between the head of the Economic Department of the Chinese Embassy in Belgrade and Serbian Minister of Transport Milutin Mrkonjic, the news agency reported. Talks on the model and the ownership structure of the project should also be conducted. At this stage, it is known that Chinese investors allocated the funds from the Chinese Development Fund aimed at investments in south-east Europe. Chinese officials suggested that loans should be ensured and this matter should be discussed by the governments of Serbia and Hungary. The Chinese initiative for the construction of high-speed rail was also discussed at the session which the joint Hungary-Serbia commission held last December, and it was included in the conclusions on the commission's work. According to analyses issued so far and the data procured from economic and expert teams, the railway would pay off and its construction would be justified since the flow of passengers, goods and capital between the two countries is constantly increasing. Back in 1992, the European Commission defined the idea for the construction of the Belgrade-Budapest railway as one of the priorities in the sector of the development of railway infrastructure. Tanjug
Chinese initiative to build high-speed rail
The total value of the investment would add up to EUR 2 billion, early estimates show.According to Chinese representatives, officials should discuss the possibility of building the railway for trains that go at speeds of over 300 km/h since it would be built in almost perfect conditions thanks to the environment.
Trains connecting the two countries would be modern, of the latest generation which are used in China nowadays.
Hungary knows about the idea and the first steps in terms of the initiation of talks have been made, and report about this has been presented during the recent meeting between the head of the Economic Department of the Chinese Embassy in Belgrade and Serbian Minister of Transport Milutin Mrkonjić, the news agency reported.
Talks on the model and the ownership structure of the project should also be conducted. At this stage, it is known that Chinese investors allocated the funds from the Chinese Development Fund aimed at investments in south-east Europe.
Chinese officials suggested that loans should be ensured and this matter should be discussed by the governments of Serbia and Hungary.
The Chinese initiative for the construction of high-speed rail was also discussed at the session which the joint Hungary-Serbia commission held last December, and it was included in the conclusions on the commission's work.
According to analyses issued so far and the data procured from economic and expert teams, the railway would pay off and its construction would be justified since the flow of passengers, goods and capital between the two countries is constantly increasing.
Back in 1992, the European Commission defined the idea for the construction of the Belgrade-Budapest railway as one of the priorities in the sector of the development of railway infrastructure.
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