Greece | €300 Million Investment Plan for Green Coastal Fleet Renewal Unveiled

Greece is actively taking steps to manage and enhance its tourism sector, focusing on sustainability, revenue generations, responsible practices, montoring tourism’s impact on the environment, investing in technology to monitor the marine areas and is addressing other environmental challenges like plastic -pollution  and emissions.

The Greek Government is preparing a major move to future - proof the country’s coastal shipping sector, and has unveiled a €300 million investment plan for green coastal fleet renewal, an initiative aimed to modernize ferry fleets and transition towards a more sustainable, environmentally friendly model and support island maritime connections.

According to Maritime Minister Vassilis Kikilias, the “green fleet” initiative aims to reduce emissions, lower operational costs, and ultimately bringing down the price of ferry tickets for passengers in the coming years.

In a recent radio interview, the Minister stated that this initiative will eliminate need to pay European Union pollution charges, and in turn,  will allow the country to reduce ferry ticket prices in the years ahead. 

 The program is expected to be bolstered by additional financing from the European Investment Bank (EIB) funding and will go toward the conversion of vessels into greener, safer, and more efficient ships.

A full announcement is anticipated this autumn with the Ministry preparing to open a call for expressions of interest from all segments of the coastal shipping market and these will include : 

•    Open - deck ferries 
•    Closed vessels 
•    Day cruise boats 
•    Conventional passenger ships 
•    High - speed craft

The Minister said that this move ia long overdue and it is both a government and personal priority to support those working to renew their fleets, underlining the strategic role maritime transport plays in connecting island communities and supporting tourism year – round.

Renewing the coastal fleet is emerging as a key pillar of Greece tourism infrastructure strategy, especially during the high summer season and on subsidized routes to remote islands.

Link 
https://news.gtp.gr/2025/08/07/greece-unveils-e300-million-plan-for-green-coastal-fleet-renewal/

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