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Cosco Looks At Further Investments In Italian Ports

Cosco looks at further investments in Italian ports

Cosco Looks At Further Investments In Italian PortsSource: Hellenic Republic Asset Development Fund

Milan, Italy (PortSEurope) December 28, 2017 – Chinese businesses continue to explore further investments in Mediterranean ports and in particular in Italian ports. The Chinese state group Cosco, which is the third largest in the world in container transport, and which owns the Piraeus Port Authority S.A. and 40% of the logistics platform of Vado Ligure, is looking to acquire other port facilities in Italy.

The operation is part of the Belt Road Initiative or Via della Seta (Silk Road). The Gentiloni Government welcomes the arrival of the Chinese but wants to first define the rules of engagement and study the best way to enhance Italian ports. For this reason, an inter-ministerial task force has been set up that includes the technicians from the Ministries of Infrastructure, Economy, Foreign Affairs and Territorial Cohesion.

The Government aims to develop dialogue and reach a win-win agreement with the Chinese in the framework of a collaboration between Italy and China which is intensifying and which can find one of its strengths in logistics.

Source: FIRSTonline

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