Piraeus Port Authority

Committee to decide on OLP's shipyard license on Friday

An Economy Ministry committee will decide on Friday whether to allow Piraeus Port Authority (OLP), majority-owned by China's Cosco, to create a new shipbuilding facility in Perama's ship repair zone.

Cosco had submitted a request for a license to repair mega-yachts to the regional authority, which rejected it, citing a 1984 law that forbids heavy industry facilities in Attica.

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