“Budapest–Belgrade Railway (Hungarian section)”, Ágnes Szunomár (IWE CERS, Hungary)

Often billed by the Hungarian Government as a flagship project of the Belt and Road Initiative (BRI) in Europe, the Budapest–Belgrade Railway upgrade is a refurbishment of an existing (though old and outdated) railway line between the capital cities of Hungary and Serbia that aims to reduce the journey time from eight to four hours. The construction of the Hungarian section is to be financed by a 20-year, 1.855-billion-USD loan from the Export–Import Bank of China. It is the single most expensive rail investment in Hungary’s history.

Read more here.