Key gen­eral meet­ing at OLP to­mor­row

Kathimerini English - - Front Page - ILIAS BELLOS

Chi­nese in­vest­ments of $2.5 bil­lion in in­fra­struc­ture in South­east­ern Europe, and even a strate­gic plan by Beijing worth $40 bil­lion for the so-called new “Roads of Silk” will fac­tor in the de­ci­sions taken at the gen­eral meet­ing of Pi­raeus Port Au­thor­ity (OLP) to­mor­row.

The meet­ing will at­tempt to ad­dress ob­sta­cles that stand in the way of a friendly ar­range­ment be­tween OLP and the Greek sub­sidiary of Chi­nese gi­ant Cosco in Pi­raeus, so as to un­lock an in­vest­ment of 230 mil­lion euros in the port’s western flank.

Beijing has placed great em­pha­sis on the suc­cess­ful com­ple­tion of this in­vest­ment, which was planned for more than two years ago. Even though it has al­ready se­cured the ap­proval of the Euro­pean Com­mis­sion, it has run into the le­gal in­ter­pre­ta­tions of the new agree­ment by the State Au­dit Coun­cil. Th­ese in­ter­pre­ta­tions, adopted by the man­age­ment of the Athenslisted port au­thor­ity, had re­sulted in the fail­ure of the pre­vi­ous gen­eral meet­ing to ap­prove the new con­tract.

China ap­pears par­tic­u­larly an­noyed by the years of de­lays, par­tic­u­larly after hold­ing re­peated toplevel meet­ings in Athens.

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