Published: September 25th, 2023,
Last updated: September 29th, 2023
China has suspended work on the Sino-Hungarian Budapest-Belgrade railroad project. Simultaneously, the People’s Republic has also stopped its funding, the Austrian magazine „Die Presse“ and Hungarian news website Telex report. The project is budgeted at around 750 billion forints (1.93 billion euros) and is part of the Belt & Road Initiative (BRI). The new rail line is expected to reduce travel time on the 340-kilometer route between the two cities from eight to three hours.