In 2015, the Government of Serbia signed a memorandum with Government of China for reconstruction and thorough modernisation of Belgrade-Subotica line by bringing it to high-speed line standard. It is part of a planned high-speed railway link between Belgrade and Budapest in Hungary, billed as a hallmark scheme under Belt and Road Initiative championed by China. Works on section between Belgrade and Stara Pazova are set to start in 2017, while works on section between Novi Sad and Subotica are to commence in 2018.