Investments Piraeus Port Authority Signs Concession Agreement by Nikos Krinis 1 January 2009 written by Nikos Krinis 1 January 2009 0 comments Share 0FacebookTwitterLinkedinWhatsappEmail 7 Chinese-based Cosco Pacific recently signed a concession agreement with Piraeus Port Authority (PPA) to develop and operate Piers 2 and 3 of the port of Piraeus. Dr. Wei Jiafu, president and CEO of Cosco Pacific underlined the significance of the strategic cooperation between Cosco Pacific and the Piraeus Port Authority that symbolizes the achievement of an important milestone “This long-term collaboration with the PPA fits well with our corporate strategy to further solidify our position as a leading global port operator,” Dr. Wei said. The CEO said that his company believes that Pier 2 and Pier 3 of the Port of Piraeus will be transformed into an important hub port that will provide comprehensive and high-quality services to global shipping lines. The company will undertake the concession through its wholly owned subsidiary, Piraeus Container Terminal S.A. The concession agreement is subject to ratification by the Greek parliament and provides for an initial term scheduled to commence on 1 October for a term of 30 years with a five-year extension. Follow GTP Headlines on Google News to keep up to date with all the latest on tourism and travel in Greece. Share 0 FacebookTwitterLinkedinWhatsappEmail Nikos Krinis Nikos is Greek-American born in New York, USA, and has lived in Greece for over 30 years. He is the managing editor of Greece's leading monthly travel and tourism guide, the Greek Travel Pages (GTP) since June 2008 and of news site GTP Headlines since its launch in September 2012. Nikos has also served as international press officer for the City of Athens and for the mayor. He has a degree in Mass Media and Communications, specializing in Journalism. Nikos is a native English speaker and speaks Greek fluently. previous post HATTA Awards 2008 next post A note by the publisher You may also like Greece’s Hotel Market Sees Major Investments Over Four Months 5 February 2025 ELIME and HELMEPA Join Forces for Safer, More Sustainable Greek Ports 5 February 2025 Celestyal Celebrates Valentine’s Day with Free Cabin Upgrades 5 February 2025 Cruise Season Begins in Thessaloniki with Arrival of Celebrity’s ‘Infinity’ Ship 4 February 2025 Poros: €6 Million Upgrade for Tourist Port to Enhance Infrastructure 28 January 2025 Kavala Port’s ‘Philippos II’ Terminal Set for Major Upgrades with New Sub-Concession 27 January 2025 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ
