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[CNJRoss]

Reuters 11/25:

 

China Railway Group team wins $1.6 bln Hungary high-speed rail contract

 

SHANGHAI -Nov 25 A consortium led by China Railway Group (CRG) has been awarded a 10 billion yuan ($1.57 billion) contract to build the Hungarian section of a railway linking Budapest with Serbia's Belgrade, in China's first high-speed rail win in the European Union.

 

SNIP

 

China, Hungary and Serbia first agreed in 2013 to cooperate on a railway between the two European countries.  .  .  .

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[CNJRoss]

Newsweek, 6/8/24

 

Chinese High-Speed Rail Project in Europe Hailed as 'Miracle'

 

Serbian President Aleksandar Vucic hailed a Chinese company working on a high-speed rail line connecting Belgrade to Budapest, in Hungary, as "a miracle" as a new high-speed train was unveiled in the Serbian capital on Friday.

 

The rail network is part of China's Belt and Road Initiative in Europe, a major scheme announced by the Chinese government in 2013 which is intended to develop infrastructure across large parts of Asia, east Africa and Eastern Europe in what critics claim is a bid to dramatically increase Beijing's influence.

 

 

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