Xicheng District

EIB to finance part of Cosco’s master plan for Piraeus port

The European Investment Bank has approved a 100-million-euro loan to Cosco to finance part of the Chinese company's investment in the port of Piraeus.

The funds will be used for the first stage of the 612-million-euro master plan, providing for the expansion of the cruise terminal, a new passenger terminal, a car park and a new logistics area.

Cosco’s Piraeus plan approved, in part

Greece's Port Planning and Development Commission (ESAL) last week approved an investment plan by Chinese shipping giant Cosco for its subsidiary, Piraeus Port Authority (OLP), in essentially the same form that it had been agreed upon with the previous administration - with a reduction to the planned size of a shopping center and car terminal - but put a freeze on a proposal for an additional i

Piraeus port owner Cosco to submit investment plan

Cosco, the Chinese-owned owner and operator of Piraeus port, is expected to resubmit its 800-million-euro investment master plan to the state Port Planning and Development Commission Friday.
The resubmission comes after the change in government and the dozens of obstacles the previous administration's decisions raised.

Silk roads

Prime Minister Alexis Tsipras' presence at the Belt and Road Initiative Forum in Beijing Friday and Saturday, in addition to Greece's joining the initiative of 16 countries of Eastern and Southeastern countries with strong relations with China, shows how far Greece has come since 2009. That was when China's state-owned Cosco took over part of Piraeus's container port.

EU countries back investment screening plan with China in mind

European Union countries agreed on Wednesday to a far-reaching system to coordinate scrutiny of foreign investments into Europe, notably from China.

Under the plan, developed in the wake of a surge in Chinese investments, the European Commission would investigate foreign investments in strategic technologies and infrastructure such as ports or energy networks.

Pages