![]() ![]() Serbian Prime Minister Aleksandar Vucic said a feasibility study and other paperwork would be finalised by June 2015, “so that the railway could be built by June 2017”. The rail programme was first agreed last year, but it remains unclear how it will be financed. The rail upgrade fits with a Chinese plan to turn Greece’s main port of Piraeus – where Chinese shipping giant Cosco Pacific holds a 35-year concession to upgrade and run two container cargo piers – into a regional trade hub. ![]() We are confident we will complete this within two years.” “With more such express lanes, the scale of our trade will be greater. “This will put in place a corridor between China and Europe,” Chinese Premier Li Keqiang said of the Belgrade-Budapest rail link. Serbia also sealed a $600-million loan deal with China Exim Bank for the construction of a new power plant. Serbia said on Wednesday (17 December) it expected Chinese construction of a new rail link between Belgrade and Budapest to begin by mid-2015, part of Beijing’s strategy to accelerate the flow of goods into Europe through the Balkans.Ĭhina, Serbia and Hungary signed a memorandum of understanding on the 370 km rail route on the second day of a summit in Belgrade between China and 16 central and eastern European states.
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