HUNGARY's minister of foreign affairs and trade Mr Péter Szijjártó and the chairman of China's National Development and Reform Commission Mr Xu Shaoshi have signed a loan agreement which will finance the upgrading the Hungarian section of the Budapest - Belgrade line.
RZD International, a subsidiary of Russian Railways, has started to reconstruct the northern section of the TEN-T Corridor X in Serbia between Mala Krsna and Velika Plana.
A consortium of Főmterv and Ecoroad has won the tender to prepare the detailed feasibility study for building the Hungarian section of the Budapest-Belgrade high-speed line. The study will cost Forints 527m ($US 1.8m).
SERBIAN Railways (ZS) has signed two supplementary agreements with Russian Railways' (RZD) international subsidiary RZD International from its contract to reconstruct Pan-European Corridor 10 which was awarded in May 2013.
IRJ at InnoTrans 2014: THE first of 21 four-car Flirt 3 EMUs being supplied by Stadler to Serbian Railways (ZS) was officially handed over at InnoTrans on September 24.
A consortium of Alstom, Russian Railways subsidiary RZD International, and the Belgrade-based Mikhaljo Pupin has been awarded a contract to supply signalling systems for the upgrading of a section of the Serbian Railways (ZS) line between Belgrade Vrsac and the Romanian border near Pančevo.
MORE than three years after Greece was severed from the European passenger rail network, Greek national train operator Trainose restored international services from Thessaloniki to Bulgaria, Macedonia, and Serbia on May 10.
THE General Director of Serbian Railways (ZS) Mr Dragoljub Simonovic and Mr Sergei Pavlov, CEO of Russian Railways (RZD) subsidiary RZD International signed a $US 89.9m contract in Belgrade on March 6 to finance and implement the modernisation of the Serbian section of Pan-European Corridor 10.
RUSSIAN Railways International, a subsidiary of Russian Railways (RZD), will start in January to mobilise workers and equipment to enable work to begin in March to upgrade 370km of lines in Serbia and supply diesel trains to Serbian Railways.
THE prospect of Chinese money being used to upgrade the Belgrade – Budapest line was raised again at the recent at the CEE-China summit in Bucharest, where Hungarian prime minister Mr Viktor Orbán signed a treaty on the proposed modernisation project with his Serbian and Chinese counterparts Mr Ivica Dacic and Mr Li Keqiang.