Making Piraeus Europe’s biggest port

Chinese shipping giant Cosco is about to start a dialogue with the Greek government on the terms and conditions that will allow for its investment master plan for Piraeus port to expand from the currently approved 600 million to its full amount of 900 million euros with the construction of a new, fourth container terminal, according to recent talks between the Greek and Chinese state leaders.

Prime Minister Kyriakos Mitsotakis and Chinese President Xi Jinping's meetings in Shanghai last week and in Athens on Monday also showed that all licensed projects in the Cosco master plan will get under way immediately, starting with the extension of the cruise terminal and the construction of the new passenger terminal whose concession process and funding scheme have already been completed.

The meetings have also made it clear that Beijing and Athens see eye to eye on making...