Govt Applies for Chinese Loan, Budapest-Belgrade Rail Construction about to Start
MTI-Hungary Today 2019.06.07.
The finance ministry has submitted a loan application for the implementation of the Hungarian section of the Budapest-Belgrade railway line to China’s Eximbank on behalf of the Hungarian government.
The loan agreement will be ready for signing after an evaluation, paving the way for the project’s planning and licensing.
The main contractors involved in the upgrade of the Soroksár-Kelebia line signed the investment agreement on May 24, and this will enter into force when the credit agreement with China’s Eximbank is adopted, Mihály Varga, the finance minister, said in a statement on Thursday.