China’s COSCO Will Continue to Invest in Greece, Says Piraeus Port Authority President

Cosco's facilities in Piraeus. (Photo by Eurokinissi)

ATHENS – COSCO Shipping will continue to invest in Greece, head of Piraeus Port Authority’s (PPA) Yu Zenggang said during a meeting with Shipping and Island Policy Minister Yiannis Plakiotakis on Tuesday.

The China-based group will “continue to actively invest in Greece” in order to turn the country’s largest port into one of the largest container terminals in Europe in the next 4-5 years, Yu Zenggang said.

The PPA official underlined the excellent relationship the group has developed with Greece and especially with the country’s national economy, and stressed that the Chinese company has already finalized a health services contract for both employees and passengers in ferries and cruises, in response to a request by the minister to safeguard the port of Piraeus in terms of sanitation.

“We have already approved a large COSCO investment plan of 610 million euros and we are working together to create the conditions for expanding this plan. We, as a government, also want to see the Piraeus port evolve into one of Europe’s largest freight ports,” said Plakiotakis in his part.

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