Independent journal on economy and transport policy
08:04 GMT+1
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COSCO confirmation the ulterior investment of 224 million euros in the port of the Pireo
The western widening of the terminalistica area of Pier III will be realized
June 28, 2013
Chinese group COSCO, than Wednesday it has celebrated the inauguration of the new terminalistica area to Pier III of the port of the Pireo that will be managed by the Piraeus branch Container Terminal (PCT) ( on 27 June 2013), it has officially confirmed a new investment in the Greek port, that it will pile to 224 million euros.
Yesterday the Piraeus Container Terminal has undersigned with the Piraeus Port Authority (PPA) an agreement in order to on November 25, 2008 renew within a month the concession contract through which PCT it manages the terminal introducing you new clauses. In particular, it will be established that PCT constructs, with a filling, the western widening of the area of Pier III and that in the same area the terminalista society of group COSCO on behalf realizes a new dock for the oil traffic of the Piraeus Port Autority, work that the Greek Harbour Authority will repay over 15 years. Moreover, based on the new agreement, PCT will construct to the new port for the peach and tourism of Armou in cooperation with the municipal administration of Perama.
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