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ATHENS – Greece’s government is proceeding in talks with the Chinese company Cosco to acquire even more of the port of Piraeus.

“We are in very advanced talks to expand this cooperation very soon in relation with the inclusion of a railway network as well,” Panos Kammenos told an economic conference in Athens.

Kammenos is leader of the Independent Greeks (ANEL) party that is a partner in the coalition led by the ruling Radical Left SYRIZA party of Prime Minister Alexis Tsipras.

Although he’s the defense minister, Kammenos has spoken up a number of times about policy issues outside his jurisdiction.

Cosco, which currently manages two container piers at Piraeus Port, is also interested in acquiring a majority stake. Athens has put the port up for sale after Tsipras vowed to halt privatizations demanded by international lenders.

Greece unblocked the sale of a 51 percent stake in Piraeus port and has invited Cosco and two other shortlisted investors to submit binding bids by September.

 

 

The post China Eyes Bigger Piraeus Stake appeared first on The National Herald.

Source: The National Herald
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