Piraeus, Greece (PortSEurope) September 13, 2017 – Italian state-owned railway company Ferrovie dello stato Italiane will sign a final agreement to take over full ownership of TrainOSE on September 14, Filippos Tsalidis, TrainOSE’s CEO told reporters during a news conference in Thessaloniki.
Tsalidis said the infrastructure of Greek railways was improving, with the Athens-Thessaloniki route to be covered in 4.5 hours after completion of works in the Tithorea-Lianokladi section by mid-November. Panagiotis Theoharis, chairman of TrainOSE, said he expected cargo traffic from Thessaloniki to FYROM to increase significantly.
TrainOSE is forecasting a significant increase in revenue from cargo transport, as Cosco covers 36 trains on a monthly basis.
In 2016, Cosco’s cargo trains from Piraeus port to central Europe totaled 211, carrying 7,579 container boxes. Cargo traffic the other way around, from central Europe to Piraeus port totaled 49 trains in 2016. So far this year, trains from Piraeus port to central Europe destinations totaled 214, carrying 7,298 container boxes and trains from Central Europe to Piraeus port totaled 150 trains.
Cosco is the managing company of Piraeus Port Authority S.A..
Ferrovie dello Stato Italiane Group, one of the largest groups in the country, creates and manages rail works and services, contributing to developing integrated mobility and logistics in Italy.
TrainOSE S.A. is engaged in the provision of traction services for the rail transportation of passengers and freight, the development, organisation and exploitation of urban, suburban, regional, extra-urban and international railway transportation of passengers and freight, as well as bus transportation or combined transportation of passengers and freight and the provision of logistics services of any nature. The Hellenic Republic Asset Development Funds owns 100% of the share capital of TRAINOSE.
Source: Tornos News
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