BELGRADE (Serbia), October 19 (SeeNews) – Hungary began modernizing its section of the railway line between Budapest and Belgrade, the capital of Serbia, on October 15, Hungarian rail operator MAV said.
The project, which contemplates the construction of a double-track line, will be completed by 2025 and will raise the maximum authorized speed to 160 km / h, MAV said in a statement last week.
The line will allow an axle load of 22.9 tonnes and the stations will be adapted to handle trains 740m long, MAV said.
âWith the renovation, we will have a better rail line between Budapest and Belgrade than between Budapest and Vienna, because the authorized speed will be 160 km / h over a distance of more than 140 km. For trains between Budapest and Belgrade, the journey times can be reduced from the current 8 hours to 3.5 hours, âsaid MAV President and CEO Robert Homolya at the inauguration ceremony of the project .
A consortium of Hungarian and Chinese companies signed a $ 2.1 billion (â¬ 1.8 million) contract in June 2019 to modernize the Hungarian section of the Budapest-Belgrade railway line. The contract was signed with CRE Consortium, 50% owned by RM International, a subsidiary of the Hungarian Opus Global. The remaining 50% of the consortium is owned by China Tiejiuju Engineering & Construction and China Railway Electrification Engineering Group.
In November 2017, Serbia started to modernize the section of the railway line on its territory. This redesign represents the first cross-border project led by Serbia, Hungary and China within the framework of the China-Central and Eastern European Countries (CEEC) cooperation initiative. The overhaul of the railway line in Serbia is expected to be completed by 2022.
($ = 0.8579 euro)