Cosco to re-submit €612 million Piraeus port master plan to new Greek government

Α Decrease font Enlarge font
Cosco to re-submit €612 million Piraeus port master plan to new Greek governmentCosco, the Shanghai-based multinational port operator and maritime shipper that owns a controlling stake and manages PPA, aims to open up to four high-end hotels within the port authority's premises and a luxury shopping mall

Greece's new shipping and island policy ministry leadership are now expecting the timely re-submission of a 612-million-euro master plan by the Cosco-managed Piraeus Port Authority (PPA), which will again come up for review by members of a ministry-affiliated ports planning and design committee, naftemporiki.gr reports.

The re-submission of the closely watched master plan comes after the same committee, comprised of members picked by the former SYRIZA government, expressed opposition or requested "more clarifications" over PPA's investments, namely, those beyond what a 40-year concession agreement with the Greek state stipulates.  

New Minister Yannis Plakiotakis has already met with PPA's management, including its CEO, Capt. Fu Chengqiu, with the former pointing out that the new Mitsotakis government wants the extra investments, as cited in the master plan, to proceed immediately, "within the framework, in all instances, of legality, both national and Community law."

As such, the government is pointing to the importance of creating an independent management entity by the privatization fund, HRADF, to oversee the approval of strategic environmental impact studies for such major investments.

According to sources that spoke to "Naftemporiki", PPA is expected to include previous observations in its re-submitted master plan, which essentially means that the prospect of operating a ship-repair zone - mainly for "super yachts" - and acquiring a ship-building license appear remote, at least in the current phase.

Cosco, the Shanghai-based multinational port operator and maritime shipper that owns a controlling stake and manages PPA, aims to open up to four high-end hotels within the port authority's premises and a luxury shopping mall. It has also expressed an intent to build a logistics hub on the western side of the port authority and enter the ship-building and ship-repair sector, something that has generated local opposition.

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

Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: bertknot

Tornos
  1. 18/01 13:36

    Spectacular annual Easter rocket war in Chios under threat as organizers fold

  2. 18/01 13:36

    Spectacular annual Easter rocket war in Chios under threat as organizers fold

  3. 18/01 11:26

    Minister: Plans for Greece's transition to post-lignite era ready by end-June

  4. 17/01 21:31

    PM: Greece will veto Libya solution by EU if MoUs with Turkey are not revoked

  5. 17/01 19:29

    Record tourist arrivals in Cyprus during December and all of 2019

  6. 17/01 19:23

    Survey: Brexit a good time for Greece to ask for Parthenon Sculptures back

  7. 17/01 19:16

    Renovated Greek National Gallery of Art to reopen in Athens during 2021

  8. 17/01 18:58

    Bank of Greece: Realty prices are on a rise

  9. 17/01 18:53

    Onassis Stegi: Culture start-ups present ideas at innovation meetup in Athens

  10. 17/01 18:46

    Ministers: Environment and climate crisis a top issue for the Greek government

  11. 17/01 18:37

    Greece among top-25 countries to raise children in the world

  12. 17/01 18:05

    Greek and Moroccan FMs share their concerns over the situation in Libya

  13. 17/01 18:01

    Greek Minister in Organisation for Economic Cooperation and Development meeting

  14. 17/01 17:54

    Revenues from ”Tsitsipas Souvlaki” to be donated to Australian wildfire victims

  15. 17/01 17:44

    Albanian artist presents his artwork at Cultural Centre of Ioannina in Epirus

  16. 17/01 17:22

    EBRD proposals to slow down ‘overtourism’ on iconic Greek island of Santorini

  17. 17/01 17:03

    Greek artist to present creative origami fashion in Athens and Thessaloniki

  18. 17/01 16:55

    "Eastern Railway Egnatia" project back to the spotlight in Greece

  19. 17/01 16:01

    Greek budget recorded a primary surplus of €5.5 billion during 2018

  20. 17/01 15:36

    Foreign Minister: Libyan Commander Haftar agreed with all Greek points

  21. 17/01 15:21

    New asylum policy is the new Greek Migration Ministry's priority

  22. 17/01 14:43

    European Commission VP: Greece has already succeeded in the field of tourism

  23. 17/01 12:17

    NYPL central Manhattan branch to reopen as Stavros Niarchos Foundation Library

  24. 17/01 12:07

    PM: EU NSRF funding delivers fertile growth opportunity for Greek economy

  25. 17/01 10:51

    EU invests €1 trillion to make its economy more ecology-friendly

  26. 17/01 01:33

    6th Peloponnisos International Documentary Festival in Kalamata (video)

  27. 17/01 01:26

    New Greek Migration Ministry to accelerate international agreements (video)

  28. 17/01 00:47

    Onassis USA and the New Museum’s NEW INC announce ONX Studio in NYC

  29. 17/01 00:36

    Religious Tourism: Feast Day of Agios Antonios celebrated today in Greece

  30. 17/01 00:21

    Climbing Tourism: Female Greek mountaineer conquers 7 top peaks on Earth

  31. 17/01 00:16

    Aegean Airlines announces record passenger traffic during 2019

  32. 16/01 23:56

    9th edition of Gameathlon returns to Tae Kwon Do stadium in Athens

  33. 16/01 23:42

    UNWTO concludes International Tourism Marketing project for Yunnan

  34. 16/01 23:12

    PM meets board of Greek-American and American-Jewish organisations

  35. 16/01 19:37

    "West of Athens" shows travellers at Athens Airport a taste of the capital's history

  36. 16/01 18:16

    Etihad Airways announces return flights from Australia to Greece from $1,150

  37. 16/01 16:57

    US Ambassador for religious freedom to visit Ecumenical Patriarch in Istanbul

  38. 16/01 16:02

    Greek tourism: Average spending per trip increases by €61 during 2019

  39. 16/01 13:29

    Media: Rejected Hard Rock won’t give up contest for Hellenikon casino

  40. 16/01 12:12

    UNWTO joins support of Albania's post-earthquake recovery effort

  41. 16/01 11:17

    ITB Berlin and IPK contrast travel trends in the Americas

  42. 16/01 10:07

    Hellenic Caucus co-chairs meets with United Nations Special Representative for Cyprus

  43. 16/01 00:29

    After Hard Rock's bid, Mohegan advances for Hellenikon Casino license in Athens

  44. 16/01 00:18

    Olive Oil Symposium at the center of the ancient world in Delphi

  45. 16/01 00:08

    Minister: National Archaeological Museum in Athens to get major overhaul

  46. 15/01 23:47

    New record volume of traffic at Greek airports during 2019

  47. 15/01 23:30

    Congressman: Greek Prime Minister hit a home run in United States visit

  48. 15/01 23:09

    Associated Press: Cyprus repays crisis-era IMF loan ahead of schedule

  49. 15/01 22:49

    Greek Culture Minister meets with National Art Museum of China director

  50. 15/01 21:40

    Greek ferry firms competing over popular routes

  51. 15/01 21:13

    Visitors and revenues in museums and archaeological sites grow in Greece

  52. 15/01 21:06

    Insider: Greece among world’s top destination for 2020 (video)

  53. 15/01 20:44

    Religious Tourism: Greek Orthodox Epiphany marked in Sydney (video)

  54. 15/01 20:32

    Greek PM proposes for first time top female judge for President of Republic

  55. 15/01 17:32

    Heads of new migration and asylum ministry sworn in Greece

  56. 15/01 16:46

    Greek group to construct shipping waste treatment plant in United Arab Emirates

  57. 15/01 14:17

    Greek state budget recorded a primary surplus of €4.96 billion in 2019

  58. 15/01 14:05

    Greek Premier receives Tourism Ministry leadership at Maximos Mansion

  59. 15/01 11:36

    Greece's golden visa program attracts investments of €2 billion

  60. 14/01 20:09

    Cretan artists' show with Nederlands Blazers Ensemble in Amsterdam (videos)

  61. 14/01 20:04

    UNWTO at FITUR 2020: Focus on sustainability, innovation and accessibility

  62. 14/01 19:36

    American Hellenic Institute announces six new members of Board of Directors

  63. 14/01 19:29

    State Department denies mediation initiative on Greek-Turkish relations

  64. 14/01 19:09

    Greek farmers switch from tobacco to stevia cultivation for sweet tooths

  65. 14/01 18:53

    Minister: Greek government has a comprehensive plan for refugees

  66. 14/01 18:47

    First cookies baked in space return to Earth

  67. 14/01 17:24

    5th edition of Hellas Film Box Berlin 2020 returns from January 15-19

  68. 14/01 17:01

    Greek PM begins ministries meetings' round with Tourism Ministry

  69. 14/01 16:52

    AP: Tom Hanks’ family offered Greek passport too for assistance in fire

  70. 14/01 16:46

    11 new McDonald's restaurants opened in Greece

  71. 14/01 16:29

    New amendment to assist non-EU entrepreneurs come to Greece tabled in parliament

  72. 14/01 16:24

    Greece reviews plans to slow down overtourism on iconic island of Santorini

  73. 14/01 15:15

    Greek tourism 2019: South Aegean islands the top destination among all regions

  74. 14/01 14:34

    Ecumenical Patriarch offers condolences to President of Ukraine for downed jet

  75. 14/01 14:18

    'Nikola Tesla: Τhe man ahead of his time' show in Athens extended to March 18

  76. 14/01 12:43

    President Pavlopoulos declares 'absolute alignment between Greece and Cyprus'

  77. 14/01 02:01

    Construction enterprises eye waste management in Greece

  78. 14/01 01:52

    Precursory works for Hellinikon project in Athens before the gates

  79. 14/01 01:35

    President Anastasiades: Momentum in Cyprus real estate market to continue

  80. 14/01 01:32

    Education Ministry: Holy Hierarchs day no longer a school holiday in Greece

  81. 14/01 01:23

    Film Tourism: Greek connections at this year’s Oscar nominations

  82. 14/01 00:03

    Greek PM attends the American-Hellenic Chamber of Commerce (video)

  83. 13/01 23:50

    City of Heraklion in Greek island of Crete offers free tours to visitors

  84. 13/01 23:40

    Kastellorizo documentary festival invites film-makers to take part

  85. 13/01 22:26

    First decision over casino concession at Helleniko site expected this week

  86. 13/01 21:22

    Greece’s annual winter sales begin for 2020

  87. 13/01 21:03

    Ambassador Pyatt: US actively interested in stability in the East Med

  88. 13/01 20:01

    Anti-abortion ads removed from Athens metro after Transport Ministry order

  89. 13/01 19:03

    Societe Generale and Citigroup forecast good year for Greek bonds

  90. 13/01 18:56

    Naked man stands outside church in northern Greece to be re-baptised

  91. 13/01 16:47

    Greece and Cyprus ink MoU on political consultations and tech cooperation

  92. 13/01 14:41

    International Monetary Fund supports Greece's primary surplus case

  93. 13/01 13:12

    Study: Greece ranks 5th in VAT rates among European Union countries

  94. 13/01 12:13

    One hundred taxpayers owe VAT of more than €100 million in Cyrpus

  95. 13/01 01:56

    An art museum you can visit from a hospital in Montreal (video)

  96. 12/01 22:58

    Applications for 9th Athens half-Marathon open

  97. 12/01 19:28

    New police raids to empty squats reclaimed by anarchists in Athens

  98. 12/01 14:55

    New electricity interconnection plans in Aegean Sea and the Eastern Med

  99. 12/01 14:52

    Revenue from tourism down by 1.1% in Cyprus between January - October 2019

  100. 12/01 14:48

    Kayak Travel Platform: Athens among top 10 destinations for 2020