TRENDING A glimpse at the flagship project of China-Greece cooperation


A glimpse at the flagship project of China-Greece cooperation

People's Daily app

14:47, November 12, 2019

Situated on the southwestern coasts of Athens, the Piraeus port is Greece’s largest port that links Mediterranean Europe to the world.

The Piraeus port took a hit in the 2008 financial crisis, and managing it became difficult. 

In 2008, China's COSCO SHIPPING obtained a franchise right and started to manage the port's container terminals in 2009. Later in 2016, the company acquired a majority stake in Piraeus Port Authority to extend its business to more terminals, shipyards and logistics.

High-quality investment, skilled management and technicians injected impetus into the port of Piraeus.

The port's container throughput increased more than fivefold from 2010 to 2018. Its international ranking in container throughput jumped from 93rd to 36th and became a pivotal port in the Mediterranean.

The Piraeus Port project has become a flagship project for the BRI cooperation, which has made important contributions to the economic and social development of Greece. The project also played an important role in advancing connectivity in various regions around the globe.

(Produced by Qiao Wai, Wang Xiangyu, Bao Han)

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