Bulgaria, Greece To Get EU Funding for Feasibility Study on Ports Development
Bulgarian and Greece will receive 750,000 euro ($999,200) in EU funding for a feasibility study in a project aimed at connecting by rail a series of maritime and fluvial ports on the Aegean Sea, the Black Sea and the Danube river, the Trans-European Transport Network Executive Agency said.
The so-called Sea2Sea project will develop the concept of a multimodal freight corridor linking Greek ports on the Aegean Sea with Bulgarian ones on Black Sea via a rail link and providing an alternative route to the congested Bosphorus Strait, the agency said in a statement on its website on Tuesday.
The connection to Bulgarian fluvial ports on the Danube river will also be analysed.
The feasibility study, which is set to be completed by the end of 2014, is estimated to cost 1.5 million euro.