Greece and Bulgaria want to develop a rail freight corridor to provide an alternative to shipping through the Bosphorus Strait. The “Sea2Sea” project– the rail alternative to the Bosphorus Strait would be 382 kilometres long. It links the Black Sea to the Aegean Sea. Specifically, we are talking about a rail route between ports in Greece (Thessaloniki, Kavala and Alexandroupolis) and ports in Bulgaria (Burgas, Varna and from the Danube to Ruse).
Sea2Sea project- the rail alternative to the Bosphorus Strait
The Sea2Sea corridor represents an investment of €5 billion and will be financed by Greek and Bulgarian national funds as well as European co-funding through the Connecting Europe Facility programme. Construction contracts for the project will be signed in 2023 and work should be completed by 2027-2028.
Cargo volumes of approx. EUR 650 million per year
Experts believe that this project will be extremely beneficial, as it will take large volumes of sea freight from the Bosphorus Strait to the railways. The project could turn South-East Europe into a cross-border trade and transport hub. Financial experts estimate that “Sea2Sea” would attract about €650m a year.