Key milestone of Belt and Road achieved

Key milestone of Belt and Road achieved

A map showing the six economic corridors of the Belt and Road initiative. Photo: HKTDC Research

Beijing, China February 10 2017 – The first two trains carrying Chinese cargo containers, launched by China COSCO Shipping Group, arrived in the Hungarian capital, on February 5.

This is a key milestone in the One Belt, One Road (OBOR) initiative that China has been pushing hard over the last few years.

The shipments arrived from the port of Piraeus, Greece, marking the official opening of the China-Europe land-sea fast intermodal transport route.

The China-Europe land-sea fast intermodal transport route uses the same path as the planned China-Europe Land-Sea Express Route.
The goods transported by the two trains were mainly furniture, with the containers completing their routes from the Chinese Ningbo port by sea to Piraeus, and from port by rail to Budapest, in 26 days.

The China-Europe land-sea fast intermodal transport route uses the same path as the planned China-Europe Land-Sea Express Route.

As a flagship project, the modernization of the Budapest-Belgrade railway is expected to achieve substantial progress this year.

The completion of the project will support the China-Europe land-sea fast transport, promote Chinese goods, and enable a faster access to European markets, the Chinese Embassy said.

By | 2017-02-10T04:43:45+00:00 February 10th, 2017|News|0 Comments