The Greek government is considering establishing a new state-owned railway operator after the sale of Trainose to Ferrovie dello Stato Italiane, local media reports. The new railway operator could be created through Gaiaose, the railway properties company supervised by the Infrastructure and Transport Ministry.
Athanasios Schizas, Gaiaose’s CEO, said his company will acquire a railway license, renovate existing carriages and within three years the new railway operator will meet the same standards as European railroad companies. The project will cost an estimated 40-45 million euros. According to Athanasios Schizas, the new railway operator will not compete with Italian-owned Trainose, but the Greek state has to have a railway license in its possession.
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