Egnatia Railway


Egnatia Railway is a planned railway line between Alexandroupolis and Igoumenitsa in northern Greece. The project is planned to include existing track upgrades as well as new track. The projected cost of this project is €10 billion.

Background

The Egnatia Railway consists of multiple smaller scale projects:
In 2019, Hellenic Railways Organisation awarded the contract to build the initial section between Xanthi and Kavala at a cost of €250 million.

Costs

The cost is estimated at EUR 10bn but the final cost will be determined when studies completed. The project cost break down:
The proposed business model is that of a PPP. The construction and operation of the project will be undertaken by a Special Purpose Vehicle. Sources of revenues include rail exploitation and logistics services revenues.
The funding will be from the European Fund for Strategic Investments, and probably from EIB and EU programmes.

Other projects

A link from Krystallopigi into Albania is also proposed.