Independent journal on economy and transport policy
12:30 GMT+1
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the Board of Directors of the Harbour Authority of the Pireo has approved of the agreement for the investment of group COSCO to Pier III
The project will allow to increase the ability to traffic of the Greek port from 3,7 million to 6,2 million container
November 25, 2014
Yesterday the board of directors of the Harbour Authority of the Pireo, on sollicitation of the president and managing director George Anomeritis, has approved of the text of the new agreement for the construction of the western part of Pier III of the Greek port. Today the agreement will be subordinate to the shareholders of the reunited harbour Authority in extraordinary assembly and successively the text will be subordinate to ratifies of the Parliament in order then to become executive with its publication on the "Gazette".
The agreement previews that the terminalista society Piraeus Container Terminal (PCT), that integrally it is controlled by Chinese group COSCO and that currently manages the traffic container to Pier II of the port of the Pireo, engagements to invest 230 million euros for the development of the Wester Pier III, project thanks to which the ability to containerized trade of the Greek port will go up per year from 3,7 million to 6,2 million teu.
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