A project of strategic importance, which has the potential to make Greece a key freight and transport hub in Southeast Europe, is the Greek-Bulgarian mega project Sea2Sea
The Greece-Bulgaria cross-border project “Sea2Sea” essentially envisages the development of a European railway corridor that will connect the ports of Thessaloniki, Kavala and Alexandroupolis, with their counterparts on the Black Sea (Bourgas and Varna) and the Danube (Rousse).
The creation of the Bosphorus railway bypass will significantly upgrade the development role of Northern Greece by creating a new important freight corridor in Europe.
In this transnational project, two of the most pivotal projects of the Competitive Dialogue promoted by railway project manager ERGOSE, under the administration of Christos Vinis, are included on Greek soil.
It is about the construction of the new Thessaloniki – Toxotes railway line and the upgrading of the Alexandroupolis – Ormenio line, projects that form the core of the Eastern Egnatia Railway, and which have already entered the second phase of the competitive process using the Competitive Dialogue method.
“We are advancing the Sea2Sea project that will bypass the Bosphorus Straits”
Thessaloniki – Toxotes
The construction of the new Thessaloniki – Toxotes Railway Line, with a budget of 1.68 billion Euros, is the major part of the Eastern Egnatia Railway, which will contribute decisively to the emergence of Greece as aSouth-Eastern Mediterranean transit hub.
With this project, 206 km of new railway line with signaling and electrification are put into operation, which completes the railway corridor connecting Thessaloniki to Kavala.
At the same time, it will connect the under-development port of Nea Karvali crossing the eastern part of Kavala Prefecture and end up in the wider area of Toxoton Xanthi, where it will be connected to the rest of the O.S.E. network. In fact, the new line is estimated to reduce the Thessaloniki-Alexandroupoli route by at least 3 hours.
Alexandroupolis – Ormenio
The project to upgrade the existing cross-border line in the section from Alexandroupoli to Ormenio, with a budget of 1.08 billion Euros, is a project of strategic importance, which improves the cross-border connections with Bulgaria in Ormenio and with Turkey in Pythia.
It enhances both freight and passenger traffic, as the line will also operate for the suburban service of the areas along the river Evros.
The selected contractor will undertake the study and construction of the project to upgrade the existing single railway line of Alexandroupoli – Ormenio – Greek-Bulgarian border, 176 kilometers long, into a double one, with the installation of signaling and electrification systems.
Geopolitical benefits of Project Sea2Sea
Greece and Bulgaria are working closely together to implement this important project. Currently, the Sea2Sea project is in the preparation phase for the establishment of a joint company between Greece and Bulgaria that will take over its management, while the procedures for its inclusion in the Connecting Europe Facility (CEF II) financial program and other financial instruments have begun .
It is, after all, a project that is in line with the European Commission’s current mainstream initiatives and priorities for combined “green” transport.
This rail corridor offers an alternative land bridge to the hinterland of Black Sea ports, being a more sustainable solution with less risk in supply chain management. Bypassing the Bosphorus Straits will achieve significant time savings for cargo and passengers.
In fact, according to studies, it is estimated that with its operation the project will draw a percentage of the containers of the Bosphorus, which in total amount to 650 million / year.
The benefits from the upgrade of the Thessaloniki – Alexandroupolis – Ormenio railway axis will be multiplicative and have to do with the economic development of the region and the creation of new jobs, both during construction and in the long term in the operation of the line and related activities.
Latest News
Vardis Vardinogiannis: ‘On a Ship’s Bridge You Always Look Forward’
Ten milestones in the half century since the creation of Motor Oil Group, as described by Vardis Vardinogiannis, who passed away on Tuesday at the age of 91
DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts
The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).
Meta Cuts Facebook and Instagram Subscription Fees by 40%
The social media giant also revealed that it will continue to offer free access to Facebook and Instagram for EU users, provided they agree to see ads based on a limited set of user data.
Skyrocketing Use of Debit, Credit Cards
The total value of the transactions conducted with debit and credit cards in the country in the first half of 2024 rose 2% on the corresponding period of 2023
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.