Rail upgrade, new line envisioned for Thessaloniki Port Authority
- Written by E.Tsiliopoulos
The state-run rail network infrastructure manager, OSE, will reportedly approve work to upgrade the current rail line connecting the Thessaloniki Port Authority, with a new line expected to be constructed, but in a matter of years and not months.
The development comes on the heels of ongoing work to expand pier 6 at the northern Greece port, which will allow bigger vessels to dock, along with a standing initiative to improve road connections.
The port of Thessaloniki was privatized
In the meantime, the existing rail connection to the port will be upgraded, with works assigned to and overseen by OSE's infrastructure subsidiary, Ergose. The budget for the upgrade of the current line is 3.3 million euros, with a completion date in 2020.
Conversely, a new rail line has been budgeted at around 20 million euros, with a hoped for tender in two years.
South Europe Gateway Thessaloniki Ltd. assumed control of northern Greece's biggest port in 2018 after a consortium comprised of its partners submitted the winning bid in an international tender.
The investment vehicle was set up by Deutsche Invest Equity Partners GmbH (47%), Terminal Link SAS (33%) and Belterra Investments Ltd. (20%).
Related items
-
€1.6 Billion to Fund 352 Projects Across Attica
-
The passport of the Chinese woman who has been missing for four months was found torn in the Galatsi Grove.
-
Greek-American matchmaker charges $5,000 a month to find love in New York
-
The iconic GREGY project at the Hellenic-American Chamber of Commerce Conference at the TIF
-
Thessaloniki: Two Afghanis under scrutiny for the fall of a 15-year-old from a hotel -
Latest from E.Tsiliopoulos
- €1.6 Billion to Fund 352 Projects Across Attica
- The passport of the Chinese woman who has been missing for four months was found torn in the Galatsi Grove.
- Greek-American matchmaker charges $5,000 a month to find love in New York
- The iconic GREGY project at the Hellenic-American Chamber of Commerce Conference at the TIF
- Thessaloniki: Two Afghanis under scrutiny for the fall of a 15-year-old from a hotel -