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contribution to the economy's growth, and will
also lead to a major environmental upgrade in the
wider area of Piraeus.
In Thessalonica, construction work for the exten-
with a total budget of 2.5 billion euros, of which
1.850 billion euros concern infrastructure and 650
million euros concern transportation projects.
These projects have, at any rate, been included in
the to-do list of the Ministry of Infrastructure,
Transport and Networks for the year 2012.
According to the announcements made at the
time of writing, tender procedures for projects
budgeted at 171 million euros have already been
launched. It should be noted that projects worth a
total of 1.786 billion euros had been tendered in
2011, of which 1.465 billion euros concerned
infrastructure projects and 321 million euros con-
cerned transportation projects.
Just a few months ago there were major develop-
ments regarding the Athens, as well as Piraeus
and Thessalonica, Metro.
More specifically, the agreement for the extension
of the Athens Metro to Piraeus was finally signed.
Now the Athens International Airport is being
directly linked to Greece's largest port via a single
Metro line. The agreement adds 6 new stations to
Line 3 of the Metro network, which covers the dis-
tance from the airport to the port of Piraeus, end-
ing at the Municipal Theater terminal station. The
total cost amounts to 660 million euros; construc-
tion will commence in 2012 and is expected to be
completed within 5.5 years. This will turn the
Piraeus station into a central transport hub that
will be connecting the Athens-Piraeus Electric
Railways (ISAP) line to the Metro, the Tram
–which is also expected to pass through this
point– and the Suburban Railway. Moreover, the
project is expected to create almost 2,000 new
jobs. According to estimates, it will have a major
Trade with Greece
97
Market experts
hope that the sta-
bilization of the
Greek economy and the
removal of the scenario
concerning the coun-
try's exit from the Euro
zone, will establish those
conditions that, with the
help of a series of meas-
ures, will lead to the
sector's recovery.
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