Independent journal on economy and transport policy
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Green light of the Piraeus Port Authority to the investment of 230 million euros of Chinese COSCO Pacific
Previewed an increase of the traffic of the container from 3,7 to 6,2 million teu
July 25, 2014
The board of directors of the Piraeus Port Authority (PPA/OLP) has approved of the friendly composition reached from the Harbour Authority with the terminalista society Piraeus Container Terminal (PCT) of the Chinese group COSCO Pacific based on which this last one will construct and manage West Pier C to the Container managed Terminal III from the Chinese society in the port of the Pireo and moreover it will upgrade means of handling of the terminal with a total investment of 230 million euros.
Remembering that in the cases of the Harbour Authority it meets, which payment of the concession canon, a proportional quota to the consolidated financial results of PCT, quota that currently is pairs to 21.5% and will go up to 24.5% in 2017, the Piraeus Port Authority has emphasized that - second the forecasts - the investment will allow with the Harbour Authority to double almost the revenues thanks to the increase of the traffic of the container that will go up from 3,7 million teu at least 6,2 million teu. "For the company - it has confirmed the president and managing director of the Harbour Authority of the Pireo, Yiorgos Anomeritis - the second friendly composition of the concession agreement is profitable"; "moreover - it has remembered - the granted area is constituted by sea and they do not give an operating dock".
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The board of directors of the Piraeus Port Authority (PPA/OLP) has approved of the friendly composition reached from the Harbour Authority with the terminalista society Piraeus Container Terminal (PCT) of the Chinese group COSCO Pacific based on which this last one will construct and manage West Pier C to the Container managed Terminal III from the Chinese society in the port of the Pireo and moreover it will upgrade means of handling of the terminal with a total investment of 230 million euros.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
