Thriasio II concession award confirmed after three years of delays

A decision signed on 23 October 2026 by Christos Dimas, Minister of Infrastructure and Transport, and published on the Greek government’s Diavgeia transparency platform on 26 October, approved the final report of the tender committee and confirmed the May 2023 decision naming the consortium as the preferred concessionaire.

The development paves the way for the signing of the concession agreement. However, the ministerial decision does not specify a timetable for contract finalisation or the commencement of operations.

The concession covers the operation, maintenance and commercial exploitation of the Thriasio Pedio Freight Railway Station and Marshalling Yard, as well as the completion of studies, construction of additional works and procurement of the necessary equipment.

The concession is set to run for 30 years, with the total financial scope estimated at approximately €696 million, including VAT.

The tender for Thriasio II was initially launched in 2021 but was declared unsuccessful in August 2022 after no bids were submitted. The process was subsequently relaunched without changes to the terms and conditions, attracting a single bid from the Hellenic Train–DAMCO consortium.

The consortium was named provisional concessionaire in February 2023 and formally awarded the contract in May of the same year. This was followed by 13 successive extensions of the validity of its bid, with the latest extending the deadline until 30 November 2026.

The latest decision approves the review of declarations submitted by the consortium concerning changes in circumstances arising after the initial award. According to the ministry, the tender committee found that the applicable requirements had been met. Changes to the composition of Hellenic Train’s board of directors were also examined. The process had previously undergone a pre-contractual audit by the Hellenic Court of Audit.

A Strategic Freight and Logistics Hub in Western Attica

Thriasio II is being developed on a property owned by the Hellenic Railways Organisation (OSE), covering approximately 1.76 million square metres in Western Attica. The site includes railway facilities, marshalling tracks and infrastructure for freight handling and transshipment.

The terminal is intended to operate as an intermodal transport hub, connecting rail freight services with road transport and the warehousing activities of the wider region.

Its operation is closely linked to the development of neighbouring Thriasio I, a freight and logistics centre. The two projects serve distinct purposes: Thriasio I primarily comprises warehousing and logistics facilities, while Thriasio II focuses on rail freight handling, marshalling and transshipment.

The geographical proximity of both facilities to the Port of Piraeus, combined with access to Greece’s national road and railway networks, creates the conditions for an integrated freight hub serving markets across Southeastern Europe.

Hellenic Train and DAMCO Combine Rail and Energy Group Expertise

The consortium brings together Hellenic Train’s presence in railway transport and DAMCO Energy, part of the Kopelouzos Group.

The establishment of the joint venture for the project was conditionally approved by the Hellenic Competition Commission under Decision 861/2024.

Ensuring competitive conditions and providing third-party users with access to the facilities will be important factors in the terminal’s commercial development.

The finalisation of the award removes one of the project’s main outstanding administrative hurdles. However, the signing of the concession agreement remains pending, alongside the construction works and equipment procurement required for the facilities to become fully operational.