CASE STUDY /
Greece’s 10-year transport, energy and telecoms infrastructure program
With higher-than-expected budget surpluses and European Union support, the Greek government is developing a 10-year public works program – from road and rail networks to energy and telecommunications projects – to upgrade Greece’s infrastructure and boost prospects for its economic transformation.
Last month, Greece’s Council for Economic Policy, examined almost three dozen national infrastructure projects – either recently completed, currently underway or being planned – in the context of the country’s 2028-2034 Medium-term Fiscal-Structural Plan. While in April, the government announced a €500 million increase in the Public Investment Program to accelerate large-scale infrastructure and climate recovery projects in the near term.
The latest measures were made possible by Greece’s strong fiscal outperformance, including a much better-than-expected 4.8% primary surplus in 2024, a better-than-expected fiscal performance in the first quarter of 2025, and brighter budget prospects over the next few years. The government is also well ahead of the rest of the EU in executing its national recovery plan – dubbed Greece 2.0 – with 35% of the plan’s total commitments already implemented, compared with a 29% average among the 27 Member States. To date, Greece has received a total of €21.3 billion – roughly 60% of the funds allocated under the program.