Greece's Alexandroupolis Port Gets $26 Million in EU Funding
(Reuters) — Greece has secured $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)
Related News
Related News
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Evacuation Technologies to Reduce Methane Releases During Pigging
- Editor’s Notebook: Nord Stream’s $20 Billion Question
- Enbridge Receives Approval to Begin Service on Louisiana Venice Gas Pipeline Project
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Russian LNG Unfazed By U.S. Sanctions
Comments