Greece Demands Rail Safety Investment After Tragedy

Greece is requiring Hellenic Train to invest 420 million euros in new trains and maintenance to bolster safety measures, a significant step taken almost three years after the nation's most severe rail disaster. Amendments to the operator's state contract, approved by parliament, mandate this substantial investment. For the first time, the contract incorporates a break clause, allowing the state to terminate the agreement if new trains are not delivered and operational by 2027.

This stringent requirement is a direct response to the tragic head-on collision near Larissa on February 28, 2023, which resulted in 57 fatalities, predominantly students. Investigations and expert analyses have since underscored significant safety deficiencies within the rail network. Hellenic Train had previously announced a 308 million euro investment in new electric trains from Alstom, intended to enhance safety with advanced remote communication and braking systems.

Beyond rolling stock, approximately 100 million euros of Hellenic Train's investment is designated for essential maintenance infrastructure, depots, and digital systems. As a trial related to the 2023 crash is anticipated to commence in March, Hellenic Train has affirmed its commitment to full cooperation with the judicial proceedings.