Greek-Chinese chamber worried over obstacles to Cosco's plan for Piraeus

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Greek-Chinese chamber worried over obstacles to Cosco's plan for PiraeusThe chamber referred directly to the unprecedented declaration of nearly half of the port authority - as well as two-fifths of the entire municipality of Piraeus - as an area of archeological interest

A chamber of Greek-Chinese economic cooperation on Tuesday expressed its concerns over what it called the recent "negative developments" regarding the future of a 600-million-euro investment plan by the Cosco-managed Piraeus Port Authority (PPA), naftemporiki.gr reports.

The chamber referred directly to the unprecedented declaration of nearly half of the port authority - as well as two-fifths of the entire municipality of Piraeus - as an area of archeological interest. Such a designation, among others, means much stricter building codes and land uses.

Furthermore, the announcement reminds of a recent signing of a multi-billion contract between China and Italy for the management of four Italian ports by Chinese companies, with Cosco announcing the assumption of the port of Trieste a day earlier.

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

Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Nikolaos Diakidis

 

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