Chinese Prime Minister Li meets Serbian PM Vucic, train deal signed

Описание: (17 Dec 2014) China secured a deal on Wednesday to construct a high-speed train link between the Belgrade and Budapest that will cut travel time between the Serbian and Hungarian capitals from eight hours to less than three.
The announcement came on Wednesday as Chinese Prime Minister Li Keqiang met Serbian Prime Minister Aleksandar Vucic in Belgrade during his three-day visit to Serbia.
Li attended the signing of rail and customs documents by Vucic and his Hungarian counterpart Viktor Orban.
The ceremony took place at an economic summit in Belgrade between China and 16 central and eastern European states.
The 400-kilometre (250 mile) railway is part of China's ambitious plan to speed up the delivery of its exports to central Europe through Greece's port of Piraeus.
The Belgrade-Budapest line is to be completed by mid-2017.
The project, worth 3.1 (b) billion US dollars, is to be financed by the China Development Bank and executed by Chinese state-owned enterprises.


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