Port operating companies

Cosco’s Piraeus plan approved, in part

Greece's Port Planning and Development Commission (ESAL) last week approved an investment plan by Chinese shipping giant Cosco for its subsidiary, Piraeus Port Authority (OLP), in essentially the same form that it had been agreed upon with the previous administration - with a reduction to the planned size of a shopping center and car terminal - but put a freeze on a proposal for an additional i

OLP beefs up investment plan

Piraeus Port Authority (OLP), operator of Greece's largest port, has increased its investment plans to attract more business to what is one of Europe's biggest harbors, a government spokesman said on Wednesday.
OLP, majority owned by China's Cosco Shipping, has submitted an 800-million-euro plan to Greece's Shipping Ministry, government spokesman Stelios Petsas told reporters.

Piraeus Port beefs up investment plan, awaits Greece's approval

Piraeus Port Authority (OLP), operator of Greece's largest port, has increased its investment plans to attract more business at one of Europe's largest harbors, a government spokesman said on Wednesday.
OLP, majority owned by China's COSCO Shipping, has submitted to Greece's shipping ministry an 800-million-euro plan, government spokesman Stelios Petsas told reporters.

Silk roads

Prime Minister Alexis Tsipras' presence at the Belt and Road Initiative Forum in Beijing Friday and Saturday, in addition to Greece's joining the initiative of 16 countries of Eastern and Southeastern countries with strong relations with China, shows how far Greece has come since 2009. That was when China's state-owned Cosco took over part of Piraeus's container port.

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