Greece has secured 24 million euros in European Union funding to upgrade its northern Aegean Sea Port of Alexandroupolis, privatisation agency HRADF said.
Alexandroupolis, which is close to Bulgaria and Turkey, has been used by U.S. military ships to unload munitions and move them to the eastern flank of the NATO Western alliance.
The EU funds will be used for the dredging operations and the construction of road infrastructure, HRADF said in a statement, adding that an adviser will work on a business plan.
The port is set become an important entry point for energy to Europe, with Gastrade developing a floating gas and regasification unit off the city, while Greece and Bulgaria have been looking to revive a pipeline project to transport crude oil from the port to Bulgaria’s Black Sea port of Burgas.