Press release
Athens, 12 November 2021
The contract for the concession of land for the construction of the Larissa – Volos line upgrade project with a budget of €67 million was signed
Athens, November 12, 2021 – The last important step for the implementation of the Larissa-Volos line upgrade project, which has been put out to tender by ERGOSE, has been completed with the signing of a concession agreement with OSE for the surface right on land, which is necessary for the start of the project. The signing of the contract between ETVA Industrial Areas SA and OSE SA paves the way for the signing of the Construction Contract between ERGOSE and the Project Contractor, with the only pending issue being its presentation to the Parliament.
More specifically, under the agreement, which was co-signed by both ERGOSE, which has undertaken the implementation of the project, and the company “Management of A’ Industrial Area of Volos SA”, OSE has the right of free and unrestricted use of the land granted by ETVA Industrial Areas SA for a period of 99 years for the construction and operation of the new railway line and the accompanying works.
Present at the signing of the contract, representing their companies, were Mr. Christos Vinis, President and CEO of ERGOSE, Mr. Athanasios Kottaras, Deputy CEO of OSE, Mr. Athanasios Psathas, CEO of ETVA VI.PE. S.A. and Mrs. Ioanna Kinta, President and Managing Director of the company “MANAGEMENT of A’ INDUSTRIAL AREA OF VOLOS S.A.”
The project, with a budget of EUR 67 million, concerns the upgrade of the existing Larissa – Volos railway line and in particular the installation of electrification, signalling-telecommand, telecommunications and ECTS Level 1 on the existing single Larissa – Volos railway line and the upgrade of the railway line on the section Larissa – Volos – VIPE – Volos.
This project – of key importance for the wider region – achieves:
- the electrified interconnection of Volos with the PATHE/P axis, which is already electrified,
- upgrading the safety, comfort and capacity of the network,
- the compliance of the network with the principles of interoperability
- The conditions are created for the interconnection of the railway network with the Port of Volos.
After the signing of the concession agreement, the President and CEO of ERGOSE Mr. Christos Vinis noted: “For two years now, ERGOSE’s Management has focused on the final resolution of issues that for years have delayed the implementation of the country’s rail network upgrade projects. Today’s signing of the concession of the relevant land is another example of ERGOSE’s role in getting important projects unlocked and moving forward. The electrification installation is indicative of the fact that ERGOSE is planning the future of the Greek railway based on the principles of sustainability and with the aim of reducing its environmental footprint and continuously generating added value for the transport of people and goods in our country.”
For more information you can contact the following contact details:
Tel: 210 5283 492
Email: info@ergose.gr
About ERGOSE:
ERGOSE S.A. was established in 1996 as a subsidiary of OSE and belongs to the public utilities. The company’s mission is to complete a modern railway network that will constitute an important development pillar for the Greek economy and society, contributing to the safety and speed of transport of people, goods and freight. In this context, ERGOSE S.A. currently manages the modernization projects of the railway lines and facilities of OSE co-financed by the Operational Programmes of the National Strategic Reference Framework (NSRF) 2014-2020 from the Connecting Europe Facility (CEF) 2014-2020 as well as projects with purely national funding that are necessary to complete the investments of the co-financed programmes. The company currently employs more than 200 experienced and highly qualified staff, while it has been providing its services for more than two decades, responding effectively and reliably to the implementation of projects through its excellent organization, structure and systems.
