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The ports of Souda and Stylida to be upgraded

The projects are co-financed by the Recovery and Resilience Fund

An agreement of more than 24 million euros for the implementation of critical port infrastructure projects in the port of Souda and Stylida, as well as for the conduct of a study for the modernization of the passenger fleet of the Greek coastal shipping and the reduction of its carbon footprint was signed between the Minister of Maritime Affairs & Insular Policy Christos Stylianidis, and the mandated advisor of the Hellenic Republic Asset Development Fund (HRADF), Panagiotis Stampoulidis.

The projects are co-financed by the Recovery and Resilience Fund and are as follows:

(a) Construction of a new passenger station at the port of Souda – Intermediate phase

(b) Dredging of channel and port basin in the port of Stylida

(c) Plan to replace the passenger shipping fleet and reduce the CO2 footprint

The Minister commented: “With the upgrading of the ports of Souda and Stylida, a new chapter begins for Greek shipping. By strengthening our ports, we strengthen Greece’s position as a central shipping hub in the Mediterranean and beyond. This agreement is expected to enhance our economic growth, create new jobs and offer advanced services to our shipping community. The port of Souda is a critical hub in the Mediterranean and plays a strategic role for shipping. With its upgrade, it will be further strengthened as a logistics and infrastructure center and able to handle large-scale military and commercial operations. The port of Stylida plays a more regional but equally important role in strengthening the local economy and connectivity. The upcoming upgrades will enhance the port as a hub for fishing and smaller commercial activities.”