In an important move, the Ministry of Transport is expected to proceed shortly with the signing of the revised contract between the Greek State and Hellenic Train for significant Italian investments in the railway network.

In this context, and according to information from protothema.gr, Hellenic Train is expected to put 23 new trains on the tracks of the Greek railway, implementing the agreement reached last May in Italy between Kyriakos Mitsotakis and Giorgia Meloni.

The Italian investment αφορά the new rolling stock, as in most cases the trainsets are outdated, while on its side the Greek State undertakes the commitment to have completed by the summer of 2026 the necessary safety works (remote control, signaling, etc.) for the railway network.

The contract, which on behalf of the Greek government will be signed by the competent Deputy Minister of Transport, Konstantinos Kyranakis, also includes significant penalty clauses in favor of the State for delays and any failure to comply with the investment plan to which Hellenic Train will be bound. Of course, the contract also includes corresponding clauses regarding the contractual obligations of the Greek State.

The signing of the contract was preceded by arduous negotiations between Mr. Kyranakis and the other parties involved on the Italian side, as the government’s goal is to demonstrate in practice that after years of disinvestment in the railway sector, the situation is changing in tangible terms.