TrainOSE is set to get a boost from Italy, with a €500 million investment to upgrade Greece’s railways.
The announcement was made on Monday in Thessaloniki by Italian Ambassador to Greece Eficio Luigi Marras at a meeting with the directors of the Trade and Industrial Chamber of Thessaloniki.
Trenitalia is owned by state-run Ferrove dello Stato, which in 2017 purchased a 100 per cent stake in TrainOSE.
Mr Marras said that, with the investment, Trenitalia is looking to upgrade the Greek railway system to the same standards of that in Italy. By doing so, they also have plans to connect Greece with northern Europe by rail.