The Thrace Basin consists of Paleogene–Neogene deposits that lie in the lowland south of the Strandja highlands in NW Turkey, where metagranitic and metasedimentary rocks occur. The Akalan Formation consisting of colluvial fan/debris flow deposits represents the base of the sequence in the northern Thrace basin where it is bounded by a right lateral strike-slip oblique fault called “The Western Strandja Fault Zone”. This formation exhibits a coarse-grained, angular and grain-supported character close to the fault zone which has releasing-bends. Fine-grained, rounded, and matrix-supported sediments occur away from the contact. During this study, the Akalan Formation is described for the first time as having larger benthic foraminifera (LBF) of Coskinolina sp of Ypresian–Lutetian, Nummulites obesus of early Lutetian, Dictyoconus egyptiensis of Lutetian, Orbitolites sp. of Ypresian–Bartonian, Miliola sp. of early–middle Eocene, Idalina grelaudae of early Lutetian–Priabonian, Ammobaculites agglutinans, Amphimorphina crassa, Dentalina sp., Nodosaria sp., Operculina sp., Lenticulina sp., Quinqueloculina sp. and Amphistegina sp. of Eocene. This unit passes upward with a conformity into reefal limestones of the middle/late Eocene–early Oligocene Soğucak Formation. At times, the limestone overlies the conformity, there is an indication of a prograding sedimentary sequence. The new stratigraphic, paleontological, sedimentological and structural findings related to the NW Thrace Basin suggest a strong transtensional/extensional tectonic control for the initial Paleogene sedimentary deposition during the Ypresian–Lutetian period as shown by fossil content of the Akalan Formation. Right lateral-slip extensional tectonics appears to have had activity during the middle–late Eocene transgressive deposition of the Soğucak Formation when the basin became deepened and enlarged.