Piraeus port owner Cosco to submit investment plan

Cosco, the Chinese-owned owner and operator of Piraeus port, is expected to resubmit its 800-million-euro investment master plan to the state Port Planning and Development Commission Friday.
The resubmission comes after the change in government and the dozens of obstacles the previous administration's decisions raised.

The major changes from the previous 580-million plan are a new, fourth container terminal and a much smaller shopping center inside the port, which will not be accessible to non-passengers.

The new container terminal, to be situated east of Terminal 1, will have a capacity of 2.8 milliion TEUs (twenty-foot equivalent units) and bring the port's total container handling capacity above 10 million TEUs when it is completed in 2021 or 2022.
Piraeus, the world's 32nd largest port in capacity, is now the busiest in the Mediterranean, having...