China is willing to make its expertise in areas such as high-speed rail available to Bulgaria as it pursues infrastructure construction projects, Premier Li Keqiang said on Tuesday, China Daily reports.
“China has advanced technology and rich experience in areas including high-speed railways, expressways, nuclear power and hydropower, and we expect to actively participate in infrastructure construction in Bulgaria,” Li said, according to a news release issued after the meeting.
In 201o Bulgaria and China signed a memorandul of understanding which defined the spheres of cooperation, including the transit through Bulgaria on Eurasian transport corridors, modernization of existing railway infrastructure, research in the field of railway technology, including development of rapid and high-speed rail, exchange of experts.
Chinese railway construction companies are willing to share their expertise
Recently, IRJ informed on BELARUS Railways (BC) awarding China National Electric Import and Export Corporation (CUEC) a contract to electrify the 80km line from Maladzyechna, 72km northwest of Minsk, to Gudohay and the Lithuanian border. Work is due to begin later this year and the $US 90m project will be completed by the end of 2015.
China National Electric Import & Export Corp. was also involved in the project “Electrification of the Gomel-Zhlobin-Osipovichi section and the Zhlobin-Kalinkovichi section”. The Chinese company supplied equipment and materials. The first phase of the project completed last year in September, involved the electrification of the Zhlobin-Osipovichi section, whereas the second involves engineering works on the Zhlobin-Gomel rail stretch. Part of the financing for the project worth approximately $41.07 million was provided through a loan given by the Export-Import Bank of China.
Last year, Ukrainian Railways (Ukrzaliznytsia) has contracted Chinese National Corporation of Machine Industry and General Contracts (SМSЕS) for construction works on Air Express – the passenger railway service from Kyiv to Boryspil International Airport and the construction of other Kyiv region infrastructure facilities. As described by the State Agency for Investment and National Projects of Ukraine, the project aim is the creation of high-speed passenger transportation service from Kyiv Passenger Station to Boryspil International Airport. The over all cost of the project is USD372 313,5 thousand. As well, the Export-Import Bank of China provided part of the funding.
Hungary & Serbia
In November 2013, it was announced that China has reached an agreement with Hungary and Serbia to overhaul and modernize the 107-kilometer railway section of Belgrade-Novi Sad-Subotica-Budapest route for trains to run at speeds of up to 200 kilometers per hour.
The Hungarian Foreign Trade State Secretary Peter Szijjártó stated that Budapest-Belgrade railway line would cost $2.9 billion to $3 billion. Szijjártó also said that renovation of the railway line promotes achievement of the objective of transforming Hungary into the primary transit country in the export of goods from the East to Western Europe. As well, he expressed interest in Hungary becoming the regional hub for China’s railway construction company. (Budapest Business Journal)
China Railway Corporation (CR) experts have already visited the Serbian Railways in Belgrade to become familiar with the technical condition of Serbia’s railway infrastructure.
During the China-Central and Eastern Europe leaders’ meeting that took place in Bucharest, 25th of November 2013, Chinese Premier Li Keqiang and his Romanian counterpart Victor Ponta stated that their two countries would cooperate in building high-speed railways in Romania. EUR 11 billion investments were announced at the time for a high speed link Curtici-Bucuresti-Constanta. As well, The Chinese investors might also spend EUR 350 million in upgrading the 83-kilometer railway ring around Bucharest.