Serbia and China sign EUR 943 million contract

Serbian Minister of Transport, Zorana Mihajlović, and the representatives of China Railway International and China Communications Construction Company (CCCC) signed a contract for the third section of Belgrade-Budapest railway line. The EUR 943 million contract envisages the rail section Novi Sad to Subotica with a total length of 108 km. Works are estimated to commence in 2019.
“The construction of Belgrade-Budapest railway link is the biggest infrastructure project in Serbia and has a great importance for the connection to the European railway network, the Central Europe network and the link to Piraeus Port. This is part of One Belt, one Road Initiative,” Mihajlović said.
Currently, the works have already started on 75-km rail section from Belgrade to Novi Sad, carried out by Chinese and Russian companies.
Works on the modernization and reconstruction of Novi Sad-Subotica rail section will be performed by a consortium of the two Chinese companies – China Railway International and CCCC. These companies also work on the Belgrade-Stara Pazova section which is expected to be completed within three years. On this section, the works include infrastructure modernisation and construction as well as the reconstruction of the electrical infrastructure allowing trains to run at speeds of up to 120 km/h from Belgrade to Batajnica, and of up to 200 km/h from Batajnica to Stara Pazova, where four tracks will ensure transport services.