Update: The Prime Ministers of Greece and Bulgaria, Alexis Tsipras and Boiko Borisov signed, on September 6, in Kavala, the bilateral agreement to speed up the construction of the railway line linking major Greek Aegean ports with Bulgarian ports on the Danube river and the Black Sea coast.
The project includes the construction of a double-track electrified railway featuring an integrated European Rail Traffic Management System (ERTMS), the Bulgarian government said after approving the draft MoU.
The document, to be signed by the Transport ministers of Bulgaria and Greece in Kavala, defines the preparatory works for the project and the joint management of the transport corridor by Bulgaria and Greece.
The project aims to combine road, rail, river and sea transport by linking by rail the Greek cities of Thessaloniki, Kavala and Alexandroupolis to Burgas, Varna and Ruse in Bulgaria. It is expected to attract large investors from the Middle East, China, Russia and other major markets.
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