11 Mar Piraeus Port
Piraeus is the largest port in Greece. On 10 August 2016, the Cosco Shipping (Hong Kong) company, a subsidiary of China Cosco Shipping Group, became a controlling shareholder of the port and started operating the facility.
Around €290m is expected to be invested by the company for the expansion of a cruise terminal, improvement of a ship repair wharf and a new multistorey garage at a roll-on roll-off ship wharf.
The port, as an important meeting point of the Silk Road Economic Belt and the 21st-Century Maritime Silk Road, has become one of the fastest-growing container ports in the world in recent years.
Under the joint operation of Chinese and Greek enterprises, the port’s infrastructure conditions and operational capabilities have been greatly improved. The freight hub has become increasingly prominent, not only providing more jobs but also promoting local economic development and becoming a model of win-win co-operation under the Belt and Road Initiative.