Italians to operate Greece’s rail network

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The three-year wait is over for future development and viability of Greece’s railway network, after the Hellenic Republic Asset Development Fund (HRADF) announced this Thursday that the new operator of the country’s railway network will be Italian firm Ferrovie Dello Stato Italiane S.P.A.

Ferrovie the third largest railway company in Europe, was announced as the preferred investor during a tender process and will now be acquiring a 100 per cent stake in Greece’s TrainOse for 45 million euros.

The successful tender will also put to rest the crisis created with the European Commission over illegal State aid with respect to TRAINOSE's 750-million-euro debt to the Greek Railways Organisation (OSE).

GCT Team

This article was researched and written by a GCT team member.