No real progress on Cosco’s master plan for Piraeus Port

The approval process for Cosco's investments in Piraeus has been passed on to the next government, as the Port Planning and Development Commission (ESAL) has conditionally accepted but not approved the master plan for Piraeus Port Authority (OLP).

On Monday ESAL also stopped short of accepting the investment in shipbuilding activity or the shopping center, which would be open to the wider public (not just passengers at the port), and all investments in the plan for which it considers the Culture Ministry the competent authority for specific approvals.

It therefore became clear that no solutions have been reached, against the positive disposition of several ministry representatives toward ESAL approving the master plan, and the meeting was practically fruitless, despite the Shipping Ministry's effort to put on a brave face.

Cosco's master plan for OLP provides...