Greek govt halts Piraeus port sale
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.