China, Hungary and Serbia have agreed to cooperate in modernising the Budapest-Belgrade railway line.
The related agreement was reached by prime ministers Viktor Orban of Hungary, Li Keqiang of China and Ivica Dacic of Serbia in Bucharest on Monday.
Orban held bilateral talks with both leaders on the sidelines of the CEE-China summit.
Addressing a joint press conference, Orban said it could be taken for granted that China would remain very strong and that Central Europe would be the engine of Europe’s economic growth.
To tap its economic potential, Central Europe needs major infrastructure projects which the euro zone is unable to finance in its current situation, he said.
Orban expressed thanks to China for its “uniquely large-scale” investments in Hungary, which help the European Union as a whole by increasing its competitiveness.
The prime minister called the agreement on the Budapest-Belgrade railway upgrade a “win-win-win-win” deal, providing benefits for Serbia, Hungary, China and the European Union on the whole.
China offered at last year’s CEE-China summit in Warsaw that it would set up a 10-billion-dollar fund to finance infrastructure projects in Central and Eastern Europe.