June 9 (SeeNews) - Serbia's government said it plans to start talks with Macedonia and Greece on a China-funded project for the overhaul of a railway line connecting Belgrade to Greece's Piraeus port.
The talks will concern a link of the Belgrade-Budapest railway line to Piraeus which will improve connections between Greece and Europe through Serbia, infrastructure minister Zorana Mihajlovic said, as quoted in a statement by the Serbian government earlier this week.
The reconstruction of the Stara Pazova-Novi Sad section of the railway line, financed with the proceeds from a $800 million (715.4 million euro) loan extended by Russia to state-run railway operator Zeleznice Srbije in 2013, will start this July, Mihajlovic said after a trilateral meeting between Hungary, China and Serbia in Budapest.
Last month, the Serbian government said it plans to start in November the overhaul of the Belgrade-Stara Pazova railway section, funded with a $297.6 million loan from the Export-Import Bank of China.
China, Serbia and Hungary signed a memorandum of understanding for the reconstruction of the 370 km rail route in December 2014.
($ = 0.8942 euro)