Greece: Alexandroupolis Port Gets $26M EU Funding

Lighthouse at Alexandroupolis Port - ©Constantin/AdobeStock
Lighthouse at Alexandroupolis Port - ©Constantin/AdobeStock

Greece has secured 24 million euros ($26 million) in European Union funding to upgrade its northern Aegean Sea port of Alexandroupolis, privatization agency HRADF said on Wednesday.

Alexandroupolis, which is close to Bulgaria and Turkey, has been used by U.S. military ships to unload munitions and move them to the eastern flank of the NATO Western alliance.

It is also expected to become an important entry point for energy to Europe, with Gastrade developing a floating gas and regasification unit off the city, while Greece and Bulgaria have been looking to revive a pipeline project to transport crude oil from the port to Bulgaria's Black Sea port of Burgas.

The EU funds will be used for dredging works and the construction of road infrastructure, HRADF said in a statement, adding that an adviser will work on a business plan.

Αthens last year called off the sale of a 67% stake in Alexandroupolis, saying the port was too valuable to relinquish.

($1 = 0.9084 euros) 

(Reuters -Reporting by Angeliki Koutantou; Editing by Alexander Smith)


Current News

OEG Renewables Enters US Offshore Wind Market with Ørsted Deal

OEG Renewables Enters US Offsh

Nexans and Equinor Cement Partnership with New Agreement

Nexans and Equinor Cement Part

TotalEnergies Inks $530M Deal to Acquire Malaysia’s SapuraOMV

TotalEnergies Inks $530M Deal

BW Ideol and Holcim to Assess Use of Low-Carbon Concrete for Floating Wind

BW Ideol and Holcim to Assess

Subscribe for OE Digital E‑News

Offshore Engineer Magazine