This project was submitted in the following language: English (en).

Project description

Design, Construction, Financing, Operation, Maintenance and Exploitation of Rail Corridor Alexandroupolis - Igoumenitsa, 565 km, which extends between the eastern and western ends of northern Greece.

The investment project includes the following rail sections: a) Alexandroupolis-Thessaloniki: electrification and installation of advanced signaling and telecommunication systems, wherever necessary, and new routing in selected subsections, b) Thessaloniki-Kozani: electrification and signaling, c) Kozani-Krystallopigi: electrification and signaling, construction of new line for the subsection Florina-Krystallopigi, d) Kozani-Igoumenitsa: new line construction, connection with Igoumenitsa Port.

Country, Region

Greece [Aνατολική Μακεδονία, Θράκη (Anatoliki Makedonia, Thraki)]

Greece [Κεντρική Μακεδονία (Kentriki Makedonia)]

Greece [Δυτική Μακεδονία (Dytiki Makedonia)]

Start date

March 2019

Estimated project cost

EUR 10000 million

Sector

Trans European Network – Transport

Multimodal Nodes (ports, airports, stations, logistic platforms)

Asset ownership

Public

Project type

Brownfield

Project status

Planning

Revenue type

Regulated

Economic rationale / Business Model

The project involves connecting TEN-T infrastructure in nodes (ports/airports) and is expected to strengthen interconnectivity and regional integration. The so called ’Egnatia Railway’ will cover the whole northern part of Greece, connect the ports of Alexandroupolis, Kavala, Thessaloniki and Igoumenitsa and improve the accessibility to the vertical axes of neighboring and Central European countries.
A significant number of people will have access to new clean and cost effective transportation means. The project will result in significant reduction of travel time between Western Macedonia and Athens and will contribute to the full exploitation of the Athens-Thessaloniki rail corridor.
‘Egnatia Railway’ creates a continuous logistics network by connecting all transport modes (4 ports, at least 6 logistics hubs, 6 airports) & will enable the full exploitation of Ports and their respective connections for cargo activity. It will facilitate transport of significant volumes of goods to the domestic and international market. Moreover, it will help the exploitation of Alexandroupolis Port, as European gate for multimodal connection with Bulgaria, Romania and Black Sea, alternative to the existing sea gate through Dardanelles Strait.

Financing details

Financing source: PPP

The project cost break down: (a) Thessaloniki-Alexandroupolis: €1,8bn (Section Alexandroupolis – Xanthi, €300m, Section Xanthi – Kavala – Thessaloniki, €1,5bn), (b) Thessaloniki-Kozani: €800m & (d) Kozani-Igoumenitsa (incl. c) Kozani - Krystallopigi - Florina): €7,4bn.
The proposed business model is that of a PPP. The construction and operation of the project will be undertaken by a Special Purpose Vehicle (SPV). Sources of revenues include rail exploitation and logistics services revenues.

The promoter has applied or has the intention to apply for EU or EIB financing related to this project

Existing or potential bottlenecks for the realisation of the project / Potential risks

The pending introduction to the Greek Parliament of legislation regarding public works and permitting as well as of legislation that integrates 2014 EU Directives 23, 24 & 25, regarding public procurement contracts, will lead to the resolution of potential risks and / or bottlenecks relating to the process leading up to the contracting stage and to the monitoring of the project for the whole period of construction and operation.

Project additional information

The project: targets optimizing infrastructure development and its use to enhance the performance of logistics and multimodal transport chains, advances the continuous integration of transport infrastructure and transport policy development, enhances innovative logistics concepts, interoperability of systems and key nodes, contributes at removing bottlenecks along corridors, reinforces infrastructural cooperation, optimizes accessibility facilities, attracts more international transit traffic to fully exploit the strategic location of the country, strengthens Interconnectivity & Regional Integration, should involve all relevant actors, notably Member State authorities, regional & local authorities, the industry & the business community.

Publication: 30/05/2016 | Last update: 22/02/2017

The Commission gives no warranty and makes no representation, whether expressed or implied, that the Project Information is error free. The Project Information is provided without any guarantees, conditions or warranties as to its accuracy.