Cosco-Trainose in 'advanced talks' for logistics hub near Athens

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Cosco-Trainose in 'advanced talks' for logistics hub near AthensInfrastructure improvement is very important for Greek tourism

Two of the largest multinationals that have pushed through landmark privatizations in recession-battered Greece, Chinese shipping giant Cosco and Italian rail operator Ferrovie dello Stato (FS), are reportedly close to an agreement to jointly build and operate a new logistics hub in an industrial zone west of Athens proper.

The development comes even after a first such concession was awarded last year to a consortium comprised of ETBA and Goldair to construct a logistics center in the Thriasio Plain district, which borders on the country's most industrialized zones (Perama, Aspropyrgos, Elefsina, Megara etc).  

The first indication of a looming deal was revealed on Friday in a special "Naftemporiki" edition and in an article by Trainose executive Mary Nasopoulou. FS, Italy's state-controlled holding company, purchased Trainose, Greece's previously  state-run rail operator, last year for 45 million euros.

"The company (Trainose), with the development of a complex in Thriasio, and with the exploitation of two large warehouses, is implementing a plan to create a modern logistics hub, in order to offer higher quality services to customers," Nasopoulou revealed .

According to media, talks between Cosco and Trainose are in an advanced stage.

The Shanghai-based multinational, itself a state-controlled company, is reportedly close to an overall deal with FS for rail transport and logistics, not only in Greece, but across the Balkans.

Cosco purchased a majority stake of the Piraeus Port Authority (OLP) in an international tender, as the highest bidder, while assuming the port's management in August 2016. That privatization, along with a concession transferring 14 regional airports around Greece to a German-Greek consortium (Fraport) for up to 40 years, is the biggest foreign investment in the country during the economic crisis that started in 2009-2010.  

Read more here.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinations Greek travel marketGreek tourism statisticsGreek tourism report

Photo Source: Wikimedia Commons Copyright:  Panagiotis Botsis License: CC-BY-SA

Source: naftemporiki.gr

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