Reuters reports that Piraeus Port Authority boost its investment plans to lure more businesses. The majority of the port is owned by China’s COSCO shipping, who hopes to make Piraeus port into its gateway to Europe.
The new plan sees additional spending on building and operating a fourth container terminal which will boost Piraeus’ total throughput to 10 million TEUs (twenty-foot equivalent units) a year from 7.2 million TEUs now, and a much smaller mall.
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