Porto Leone

In the next few days - if not on Tuesday - Cosco is expected to submit to the Port Planning and Development Commission a memorandum with its remarks on the watchdog's original opinion.

After a lengthy meeting that went on until midnight on Tuesday, the Central Archaeological Council (KAS) has decided to obstruct the Cosco-owned Piraeus Port Authority's (OLP) 600-million-euro master plan by characterizing a large part of Piraeus as an area of archaeological interest that must be protected.

Cosco's 580-million-euro investment program for Piraeus Port Authority (OLP) has suffered a serious blow after the members of Greece's powerful Central Archaeological Council (KAS) voted to declare part of the area in question to be of archaeological interest.