All Greece articles – Page 2
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NewsPendolino to be tested in Greece
GREECE: One of the ERT485 Pendolino trainsets which Trenitalia uses in Italy is on its way to Greece for testing with a view to possible future deployment on the Athens – Thessaloniki route. Ongoing upgrading projects including the 54 km new alignment between Tithorea and Lianokladi have raised the maximum ...
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NewsAlstom signs Athens tram contract
GREECE: Attiko Metro signed a contract with Alstom on July 27 for the supply of 25 trams. The contract is worth €54m excluding VAT, and includes spare parts and maintenance equipment. The EU is providing co-funding from its European Regional Development Fund. The first tram is expected to enter ...
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NewsBid for Greek rolling stock maintenance business accepted
GREECE: The Hellenic Republic Asset Development Fund privatisation agency has accepted an ‘improved financial offer’ from FS Group-owned train operator Trainose for EESSTY, the rolling stock maintenance business which was spun out of the former state railway OSE. HRADF has made a number of attempts to sell EESSTY under a ...
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NewsRCG venture runs Greek freight trains
GREECE: Open access freight venture Rail Cargo Logistics Goldair began operating its own trains on the national rail network on June 27, when it dispatched an initial trip from the RCG terminal at Sindos near Thessaloniki to Idomeni on the border with Macedonia. The joint venture between Austria’s Rail Cargo ...
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NewsNew alignment opens with the longest railway tunnel in the Balkans
GREECE: The first train ran on the recently-completed 54 km Tithorea – Lianokladi line on February 2, following the formal handover of the new line on January 31. The route forms part of a 106 km double track alignment which is being built between Tithorea and Domokos to replace a ...
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Metro Report InternationalIndra awarded Thessaloniki metro ticketing contract
GREECE: Indra has won a contract to supply an automated fare collection system for the metro line under construction in Thessaloniki. Indra will supply equipment including ticket vending machines and gates for the 13 stations on the line due to open in 2020. It is envisaged that there ...
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NewsFS completes acquisition of Greek national operator Trainose
GREECE: Italian state railway group Ferrovie dello Stato Italiane completed its acquisition of Greek national train operator Trainose on September 14, when the €45m transaction was officially closed during an Italy-Greece bilateral summit. Privatisation agency Hellenic Republic Asset Development Fund had named FS as preferred bidder on July 14 2016. ...
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News
State aid for Greek and Bulgarian railways approved
EUROPE: The European Commission has decided that financial support being provided by Greece and Bulgaria for their national railways is compatible with EU state aid rules. The Commission said its decisions showed that state aid controls are able to address ‘problematic issues’ around debt levels at some incumbent operators, helping ...
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NewsGreek transport projects to receive EU funds
GREECE: Metro projects in Thessaloniki and Athens are to receive investment from EU cohesion funds, the European Commission announced on March 24. The grants form part of a €1·3bn funding package that would allow projects started in the 2007-13 EU budget period to be completed in the 2014-20 budget period. ...
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NewsFS signs deal to buy Greek national train operator
GREECE: The share purchase agreement for Italian state railway group Ferrovie dello Stato Italiane to buy 100% of Greek national passenger and freight train operator Trainose was signed on January 18. Privatisation agency Hellenic Republic Asset Development Fund had named FS as preferred bidder on July 14 2016. Russian Railways ...
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NewsGreece makes another attempt to privatise rolling stock business
GREECE: Hellenic Republic Asset Development Fund has re-launched the process to privatise Hellenic Company for Rolling Stock Maintenance (EESSTY). Also known as ROSCO, the state-owned business was spun-off from national railway OSE in 2013. It is currently the sole provider of rolling stock maintenance and repair services in Greece, holding ...
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NewsPrivatisation agency accepts FS bid for Trainose
GREECE: The Hellenic Republic Asset Development Fund confirmed on July 14 that it had accepted an €45m offer from Italian state railway group Ferrovie dello Stato Italiane for 100% ownership of Greece’s national passenger and freight train operator Trainose. This followed positive recommendations from HRADF’s advisers, two independent valuations and ...
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NewsGreek railway privatisation attracts one bid
GREECE: Italian state railway group Ferrovie dello Stato Italiane submitted the only binding offer for a 100% stake in Greece’s national passenger and freight train operator Trainose, the Hellenic Republic Asset Development Fund announced on July 6. The privatisation agency said the assessment of the bid would commence immediately. Russian ...
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NewsThree expressions of interest in Trainose privatisation
GREECE: Three potential investors submitted expressions of interest in the privatisation of 100% of national train operator Trainose by the April 15 deadline, the Hellenic Republic Asset Development Fund has announced. They are: Italian state railway group Ferrovie dello Stato Italiane SpA;Russian national railway RZD;Gek Terna Societe Anonyme Holdings Real ...
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NewsGreece extends rail privatisation deadlines
GREECE: The Hellenic Republic Asset Development Fund has extended the timetable for the submission of bids for 100% stakes in national train operator Trainose and rolling stock maintenance business EESSTY, also known as Rosco. HRADF said three investors interested in Trainose had requested an extension to the March 21 deadline ...
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NewsGreece restarts Trainose privatisation
GREECE: The Hellenic Republic Asset Development Fund privatisation agency has relaunched the planned sale of national train operator Trainose, a process which began in 2013 but was suspended following a change of government last year. Announcing the restart of the process on January 27, HRADF said it planned to ...
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NewsDecember deadline for Greek rail asset offers
GREECE: The Hellenic Republic Asset Development Fund announced on August 13 that a deadline of December 2015 has been agreed for binding offers to take over state-owned operator TrainOSE and rolling stock maintenance contractor Rosco. The announcement follows the conclusion of negotiations between the privatisation agency, the government and the ...
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NewsThree expressions of interest in Greek rail privatisation
GREECE: Three expressions of interest in the purchase of a 100% stake in national train operator Trainose were submitted by the September 16 deadline, the Hellenic Republic Asset Development Fund privatisation agency has announced. The companies involved were not disclosed by HRADF, but local media has named them as French ...
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NewsAthens Line 2 extended south
GREECE: A 5·5 km southern extension of Athens metro Line 2 opened to the public on July 26. The extension from Aghios Dimitrios has four stations at Ilioupoli, Alimos, Argyroupoli and a terminus at Elliniko. Alimos and Argyroupoli feature displays of archaeological finds unearthed during construction. The project cost ...
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NewsGreece invites interest in privatisation of train operator Trainose
GREECE: Privatisation agency the Hellenic Republic Asset Development Fund has invited expressions of interest in the purchase of 100% of the share capital of national train operator Trainose. The process is to be undertaken in two phases, with Phase A being the submission of expressions of interest by September 16. ...
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