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Greek committee approves Piraeus Port’s investment plan

The Greek government and Piraeus Port Authority S.A (PPA S.A) hailed on Thursday the approval by the Committee of Planning and Development of Ports (ESAL) of investments amounting to 611.8 million euros (672.9 million U.S. dollars) at Greece’s largest port.

“An emblematic investment for Greece starts immediately. A new era dawns for the Piraeus Port,” read an e-mailed press release issued by the Greek Shipping Ministry.

Shipping Minister Yannis Plakiotakis welcomed the decision as the “opening of a new chapter in the excellent Sino-Greek relations, during a meeting with the Chairman of PPA S.A. Yu Zenggang, according to the press statement.

Read more on Xinhua.

Source: Xinhua

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