COSCO invests in Pireaus

Posted by Christian J. Hadjipateras 04/09/2017 0 Comment(s) Economia Blog,

With a belief in China’s Belt and Road Initiative project and an attitude for forward progress, COSCO Shipping Lines is investing in the Greek Piraeus Port. The carrier already has strong ties to Greece, as they have been operating two container terminals under a 35-year concession since 2009. Their latest investment sees the carrier becoming the controlling shareholder of the port, and is enabling them to offer extremely strong intermodal links into Europe via the Piraeus port, and could even one day become China’s gateway into Europe.

Much has been said of the Greek government’s attempts to forge ever closer ties with China, but it is plain to see the benefits for a country that is crying out for foreign investments. 

The Belt and Road Initiative is an exciting endeavor that looks to build infrastructure to connect countries around the globe. It is a two-pronged effort building trade routes for roads and rail as well as building and linking sea routes.

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