Greece Part of EU €2.2bn Investment in Transport Projects

Photo source: European Commission

Greece is set to benefit from an EU 2.2-billion-euro funding package aimed at jump-starting the economy through a series of transport projects reinforcing railways, cross-border links, and connections to ports and airports.

Among the projects to be funded by the budget are

– a set of final studies and engineering designs for the development of on-shore power supply technology at the port of Igoumenitsa;

– a series of preliminary studies for the railway section Alexandroupoli-Pythio, which is part of the TEN-T Core network;

– a new high speed railway line which will connect the port of Kavala with Thessaloniki and further on – via the railway sections of Nea Karvali–Toxotes – with the port of Alexandroupoli;

– and the development of safe and secure truck parking areas along the trans-European transport (TEN-T) core network in Greece.

The EU funds – through the Connecting Europe Facility (CEF) – will go into 140 key transport projects across Europe focusing on inland waterways transport, multimodal connections, alternative fuels, and railroad infrastructure, and aimed at creating jobs.

At the same time, the EU will deliver on its climate objectives set out in the European Green Deal, including a shift to greener fuels for transport (19 projects).

“The 2.2 billion euro EU contribution to this crucial transport infrastructure will help kick-start the recovery and we expect it to generate 5 billion euros in investments,” said Commissioner for Transport Adina Vălean.