EC approves major EU co-funded project in Greece

The European Commission approved the allocation of 180.9 million euros to build a major trunk road to connect the Aktio area with the Western North-South Axis in Greece. This is part of the priority projects presented by the Commission last November in order to accelerate the return of growth in Greece, by investing structural funds. Commenting on the decision, Commissioner for Regional Policy Johannes Hahn said \"this is an emblematic infrastructure project which will benefit the Greek economy. Our joint efforts to overcome financial and technical problems are progressively paying off This and other similar projects will contribute to the improvement of the living conditions of the Greek people by creating immediate job opportunities\". The Aktio project totals 48.5 km, bypassing Lake Ambrakia. It foresees seven multi-level junctions, two same-level junctions and some 40 technical works. This project is part of the Trans-European Transport Network (TEN-T). The European Union, through the European Regional Development Fund (ERDF), will finance 180.9 million euros out of a total cost of 232.43 million euros. This new connection will improve driving conditions, reduce travel times and foster road safety. (ANSAmed).