The agreement of the PCT (Piraeus Container Terminal), and the PPA (Piraeus Port Authority) has been reached, involving an extra investment of 230 million euros.

This investment provides our country with huge benefits. Not only does it double the amount of investment, but also jobs, creating 700 new direct and 1,500 indirect positions (people who will work around the operation of the investment).

It should be noted that Minister of Marine Affairs and Aegean, Miltiadis Varvitsiotis dealth with the issue personally. Since the first day of his appointment, he began effort in order to complete and sign this agreement. An agreement which started from scratch and was signed in a record time of five months. Within this period, he had the full support of PM Antonis Samaras, and was in constant consultation with EU officials and cooperated daily with the European Commission.

Today the largest foreign direct investment in recent years in Greece is on the way.

The Chinese investment is crucial for Hellenic-Chinese cooperation, upgrading Cosco’s presence in the port, which was a necessary precondition for further Chinese investment.