Greek govt halts Pi­raeus port sale

China Daily (Canada) - - FRONT PAGE -

which will see a fur­ther 230 mil­lion eu­ros in­vested to in­crease the port’s an­nual ca­pac­ity.

Com­men­ta­tors have said that the con­tin­ued ex­pan­sion will help the port be­come a ma­jor gate­way on the Silk Road Eco­nomic Belt con­nect­ing Asia to Europe and pro­vide more job op­por­tu­ni­ties to lo­cal work­ers.

Con­tainer traf­fic soared 18.5 per­cent at the Greek port last year to nearly 3 mil­lion twenty-foot equiv­a­lent units, a near nine-fold in­crease on the 433,000 TEUs han­dled in 2008.

Greece’s Prime Min­is­ter Alexis Tsipras has just named a new cabi­net of what com­men­ta­tors are de­scrib­ing as anti-aus­ter­ity vet­er­ans, in­di­cat­ing he aims to stick to his elec­tion pledges de­spite warn­ings from the eu­ro­zone and fi­nan­cial mar­kets.

“China be­lieves that both gov­ern­ments are will­ing to con­tinue work­ing to­gether to ad­vance prag­matic co­op­er­a­tion in var­i­ous sec­tors to the ben­e­fit of the coun­tries and their peo­ple,” said For­eign Min­istry spokes­woman Hua Chun­y­ing at a news con­fer­ence onWed­nes­day.

With a ca­pac­ity of han­dling more than 3.16 mil­lion TEUs per year, Pi­raeus port is a strate­gic part­ner for var­i­ous multi­na­tional man­u­fac­tur­ing gi­ants like Hewlett-Packard Co and Huawei Tech­nolo­gies Co.


Ve­hi­cles parked at a cargo ter­mi­nal at Pi­raeus port near Athens, Greece. Con­tainer traf­fic soared to about 3 mil­lion TEUs at the port in 2014, from 433,000 TEUs in 2008.

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