
he funding for the renovation of 14 trains on Metro Line 1, which runs from Piraeus, the largest of Greece’s ports to Kifisia in the northern suburbs of Athens, has been approved by the European Commission following actions by the Ministry of Infrastructure and Transport.
The project amounts to 12.3 million euros, funded by the Cohesion Fund’s Operational Program for Transport Infrastructure, Environment, and Sustainable Development.
Modernization is expected to extend train lifespan by 25 years, enhancing passenger comfort and reliability for cost and time savings. The project will deliver significant environmental benefits, energy savings, and improved public transportation reliability.
Athens can look forward to less atmospheric pollution and lower noise levels thanks to the modernized trains and the upgrade of two energy recovery substations, as well as the installation of an energy recovery system from regenerative braking, technologies that will reduce energy consumption by 15%.
The funding priorities of the Cohesion Fund’s Operational Program for Transport Infrastructure, Environment, and Sustainable Development relating to transport include:
• Promoting the completion of part of the infrastructures of the core TEN-T (road and rail) and developing/improving the comprehensive TEN-T (with emphasis on road and rail, but also with focused interventions on ports and airports).
• Promoting combined transportation and the modernization of the transport system.
• Improving the safety of transportation.
• Developing and expanding sustainable and ecological urban transportation.
Source: tovima.com


Latest News

Travel Revenues up 5.4% in Dec. 2024: Bank of Greece
Visitors from Germany, Italy and the U.S. made up the bulk of visitors to Greece, while tourists from the EU27 members accounted for 54.6% of the aggregate receipts in December 2024.

Greece’s Retail Sector Turnover Sees 2.4% Growth in 2024
Among the regions, the North Aegean recorded the highest turnover growth in 2024, with a 3.8% increase, followed by Attica with 3%.

Greece Reallocates Emissions Funds, Prioritizing Industry Over Consumers and Green Transition
Greece shifts €152 million in emissions funds to aid energy-intensive sectors like aluminum and steel at the expense of support for consumers, renewable energy and the green transition.

Santorini Tourism Union Demands Emergency Support Amid Cyclades Seismic Crisis
The Greek government is reportedly considering a mini support package for Santorini, to be activated if the island's seismic activity persists for an extended period.

Societe Generale Says Greek Stock Market Appealing
The French multinational bank and financial services company firm highlights notable differences in equity risk premiums between Eurozone core and peripheral countries

Greece a Safe Destination, Says Tourism Minister Kefalogianni
The Minister noted that Santorini was geologically unique, reassuring everyone that the Tourism Ministry was in close cooperation with experts to monitor the situation and take appropriate measures

Life Expectancy Rise in Europe Slows Down – Greece, UK Record Highest Declines: Lancet Medical Journal
Poor diet and lack of physical activity are seen as key factors contributing to the negative trend.

Capital Ship Management and Lloyd’s Register Complete the World’s First Tanker On-shore Power Supply Compatibility Assessment
This innovative project marks a significant step forward in the transition towards sustainable port operations

Greek Airports See 12.6% Surge in Passenger Traffic in January 2025
The steady extension of the tourist season is fueling optimism, highlighting Greece’s strong position as a top global destination

Greek Foreign Minister Gerapetritis to Meet U.S. Counterpart Rubio in the U.S.
Greek FM Gerapetritis will be in the U.S. to speak before the United Nations Security Council in New York on Monday and Tuesday, focusing on the war in Ukraine and developments in Syria.