1,6 Billion Euros for Five Greek Ports

(GREEK NEWS AGENDA) A new investment scheme for Greece’s five major ports of national significance, namely Igoumenitsa, Thessaloniki, Kavala, Alexandroupolis and Patras and 27 other ports was announced by Merchant Marine and Island Policy Minister Anastasios Papaligouras on April 24. The total cost for the ports’ new infrastructure plan will amount to €1,6 billion. Fifty percent of the amount is covered by the European Investment Bank. The port of Igoumenitsa (North-western Greece) will receive a €44 million boost and will be linked to the Egnatia Motorway. A similar €185 million budgeted plan will be followed in the case of Patras port which will be connected with the PATHE (Patras-Athens- Thessaloniki, Evzoni) Motorway. A new passenger terminal is also under construction and will be delivered by 2010. Given its strategic position, the port of Alexandroupolis (North-eastern Greece) is also targeted. Its infrastructure is being upgraded in order for the port to increase its capacity in serving as a hub for the countries of the Black Sea and as a link of the latter to the TransEuropean Networks.

In the port of Thessaloniki, cargo handling infrastructure is being upgraded and the aim is for the port authority to participate in integrated logistics services networks. For the period 2010-2014, the port’s capacity to facilitate container cargoes is expected to rise from 450,000 TEUs to 1 million.  Ministry of Merchant Marine & Island Policy: Secretariat General of Ports and Port Policy; Secretariat General of Information: About Brand Greece-Ports