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Greece’s Central Archaeological Council Halts COSCO’s Piraeus Port Investment Plan

Greece’s Central Archaeological Council halts COSCO’s Piraeus port investment plan

Piraeus, Greece (PortSEurope) April 8, 2019 – Greece’s Central Archaeological Council (KAS) declared two-fifths of the municipality of Piraeus as an “archaeological zone” endangering, restricting or delaying further investment by China’s COSCO Shipping Ports Limited. Since COSCO acquired the right to operate Piraeus Port Authority SA in August 2016, container traffic has increased from 880,000 TEUs in 2010, to 4.4 million TEUs last year. The port’s performance has satisfied all parties, but further investment by…

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