Investments of €611.8 million ($675.12 million) were approved by ESAL – October 10, 2019
Piraeus Port Authority SA (PPA) announces that the Committee of Planning and Development of Ports (ESAL) approved investments amounting to €611.8 million ($675.12 million), which cover all the business units of the company and will contribute considerably to the development of the local and national economy.
The Chairman of PPA, Mr. YU Zenggang, stated that after a long waiting period, we obtained the approval to proceed to the implementation of significant investments that will make Piraeus the most important port in the Mediterranean and will create even more new working positions. We hope that the competent authorities will soon review the expansion of the Container Terminal as it is one major investment that will establish the Piraeus port as one of the top Container Terminals in Europe.
Piraeus Port Authority is operated by China’s COSCO Shipping Ports Limited.
Source: Piraeus Port Authority