INVESTMENT PLAN

Greek committee approves Piraeus Port’s investment plan

The Greek government and Piraeus Port Authority S.A (PPA S.A) hailed on Thursday the approval by the Committee of Planning and Development of Ports (ESAL) of investments amounting to 611.8 million euros (672.9 million U.S. dollars) at Greece’s largest port.

“An emblematic investment for Greece starts immediately. A new era dawns for the Piraeus Port,” read an e-mailed press release issued by the Greek Shipping Ministry.

Shipping Minister Yannis Plakiotakis welcomed the decision as the “opening of...

https://container-news.com/greek-committee-approves-piraeus-port-plan/

Dark clouds over COSCO’s mega plan for Piraeus – Chinese-Italian talks apply pressure to the Greek side

A chamber of Greek-Chinese economic cooperation on Tuesday, April 9, expressed its concerns over what it called the recent “negative developments” regarding the future of a 600-million-euro investment plan by the Cosco-managed Piraeus Port Authority (PPA).

The chamber referred directly to the unprecedented declaration of roughly half of the port authority – as well as two-fifths of the entire municipality of Piraeus – as an area of archeological interest. Such a designation, among others, means...

https://container-news.com/coso-mega-plan-piraeus/