Budapest–Belgrade railway
Serbia Pays Price of Delays, Errors and Costly Cars in Rail Upgrade
A BIRN investigation has identified serious delays on all three sections of the line, as well as mistakes that have cost Serbia almost $35 million in penalties; it also turned up documents showing that almost $720,000 of an $800 million Russian loan for the railway line was spent on the lease of six cars from a Russian contractor.
Years behind schedule
High speed Belgrade-Budapest railway delayed by year
The works will therefore start only in 2020, a year later than planned, Beta reported on Wednesday citing MTI.
The projected modernization cost of 152 kilometers between Budapest and the border with Serbia amounted to 578 billion Hungarian forints (EUR 1.79 billion) in May 2018.
Russians start building high speed railway section in Serbia
The company RDZ (Russian Railways) International announced that it had started permanent way construction for the speed of 200 km/h on the 7-kilometer long section.