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.

In 2017, as part of the contract with RZD, reconstruction began on the Belgrade-Novi Sad-Subotica line (on the section between Stara Pazova and Novi Sad), Belgrade-Bar line (on the section between Resnik on the outskirts of Belgrade) and Valjevo.

New investments in rolling stock took place in the last couple of years.
Some 60 new passenger trains (39 diesel multiple units RA2 from the Russian company Metrovagonmash and 21 electric multiple units FLIRT3 from Swiss company Stadler) were ordered and are now in service.
Because of this, the passenger ridership has risen on the services operated by the new trains.
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.
In 2017, as part of the contract with RZD, reconstruction began on the Belgrade-Novi Sad-Subotica line (on the section between Stara Pazova and Novi Sad), Belgrade-Bar line (on the section between Resnik on the outskirts of Belgrade) and Valjevo.
New investments in rolling stock took place in the last couple of years. Some 60 new passenger trains (39 diesel multiple units RA2 from the Russian company Metrovagonmash and 21 electric multiple units FLIRT3 from Swiss company Stadler) were ordered and are now in service. Because of this, the passenger ridership has risen on the services operated by the new trains.
Serbian Railways