Greece and North Macedonia join forces: high-speed rail will boost regional growth and tourism
Greece and North Macedonia are joining forces: high-speed rail to boost regional growth and tourism. In a move that could significantly change the transport and economic landscape of Southeastern Europe, Greece and North Macedonia have reaffirmed their joint commitment to developing high-speed railway lines along Corridor 10. The aim of this strategic project is to increase traffic efficiency, stimulate economic growth, and strengthen tourist links between the two countries.
At the meeting of the Deputy Prime Ministers of both countries, it was emphasised that effective regional connectivity, a key catalyst for accelerated economic development, particularly in the context of Western Balkan transport corridors.
Corridor 10 – the artery of European connectivity
Corridor 10 represents one of the most important pan-European transport routes connecting Central Europe with the Aegean Sea. The new high-speed railway is expected to significantly shorten travel times and increase the flow of goods and people, which will contribute to greater competitiveness and sustainability for both economies.
The project fits perfectly into European Union strategy to strengthen transport infrastructure in the Western Balkan region and reduce reliance on road and air transport. In addition to economic effects, a positive impact is also expected Environmental impact thanks to the reduction of CO₂ emissions and the transition to more energy-efficient forms of transport.
Economic and tourist potential
Building a high-speed railway opens doors with new investments, an increase in trade exchange and job creation. Faster and simpler connections between ports, industrial zones and tourist destinations could result in new business opportunities, as well as greater interest from foreign investors.
For tourism, the project means easier access to key destinations in both countries. Greece could attract more visitors from the region, while North Macedonia would benefit from transit tourism and quicker access to its cultural and natural attractions.
Investments and implementation plan
North Macedonia has already started talks with international financial institutions such as World Bank and European Investment Bank, looking around 1.9 billion euros for the financing of the project.
It is covered by the plan around 200 kilometres of railway infrastructure, the estimated cost of construction is €8.8 million per kilometre.
A look into the future
The two governments have expressed strong determination to continue cooperation on infrastructure projects that enhance regional connectivity. Successful implementation of a high-speed railway along Corridor 10 would be an important step towards greater integration, faster economic growth and a more sustainable transport system the entire region.
