Market Overview
Greece is rebuilding confidence in its rail sector following the privatisation of Hellenic Train (formerly TrainOSE), acquired by Ferrovie dello Stato Italiane (FSI). The national network connects Athens to Thessaloniki and to the Turkish and Bulgarian borders. A high-speed upgrade of the Athens–Thessaloniki main line is underway, significantly reducing journey times. Athens Metro is one of the flagship investments of the Greek rail revival, with new extensions opening in the city's southern and western suburbs. The 2023 Tempi train collision was a tragic setback that exposed safety and management deficiencies, prompting significant reforms in rail safety governance. Greece's Piraeus port — operated by COSCO of China — and the growing freight corridor to Central Europe through North Macedonia give rail infrastructure growing strategic importance. EU recovery and cohesion funds are financing the modernisation programme.