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What is ETCS (The European Train Control System)

Opportunities and Challenges for Multinational Enterprises and Foreign Direct Investment in the Belt and Road Initiative
A single European standard for the control of signaling and protection of railway traffic.
Published in Chapter:
The Role and Significance of Chinese Investments in the Modernization of Railway Infrastructure in Serbia
Danijela Stojanović (Institute of Economic Sciences, Serbia), Elena Jovičić (Institute of Economic Sciences, Serbia), and Nenad Stanisavljević (Infrastructure of Serbian Railways, Serbia)
DOI: 10.4018/978-1-7998-8021-9.ch009
Abstract
The subject of the research is Chinese investments in the modernization and reconstruction of railway infrastructure in Serbia, with a focus on the construction of the Belgrade-Budapest high-speed rail line up to 200 km/h, on the sections Belgrade-Stara Pazova and Novi Sad-Subotica-Kelebija. The research aims to analyze the impact of Chinese investment projects on the railway infrastructure in Serbia and examine the effects of projects' implementation at different levels, including the challenges they face. The analysis covers the traffic, technical-technological and financial aspects of the project. The importance of building a high-speed railway through Serbia, but also of the shortest railway connection from Western and Central Europe in the countries of Southern Europe and the Middle and the Far East, is considered, especially in the context of the cooperation within the BRI. The research results are the presentation of the effects railway infrastructure projects have on the development of Serbian economy, as well as the challenges that arise during the implementation process.
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