OLP approval paves way for investment in Piraeus

By Ilias Bellos

After a stormy session, the general meeting of Piraeus Port Authority (OLP) on Tuesday approved an agreement with Cosco that paves the way for a Chinese investment of 230 million euros in the country’s biggest port.

OLP head Giorgos Anomeritis (pictured right) threatened to resign when OLP unionists tried to block his entry to the conference hall.

The deal will be signed in a special ceremony on Thursday.