Bulgarian Prime Minister, Boyko Borissov, and his Greek counterpart, Alexis Tsipras, signed a joint declaration on the development of the Thessaloniki-Kavala-Alexandroupolis-Burgas-Varna-Ruse railway connection.
Under the agreement, a project company will be established that will work on the implementation of the next phase of the project. In December, an Intergovernmental Framework Agreement on railway development will also be drafted.
For the implementation of the project, in 2017, the transport ministries of the two countries signed a MoU in Kavala.
The project aims to develop a double- track and electrified railway corridor, equipped with ERTMS. The project is estimated at EUR 3.7 billion.
The line which will connect Bulgarian and Greek ports is of great strategic and economic importance. The construction of the railway connection is part of the larger project for a multimodal freight corridor connecting the Aegean and the Black Sea – “Sea2Sea”, which will link six ports in northern Greece and Bulgaria.
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