Piraeus Port is the largest port in Greece. On Aug 10, 2016, COSCO Shipping (Hong Kong) Co Ltd, a subsidiary of China COSC
O Shipping Group, became a controlling shareholder of the port and started operating the facility.
Around 290 million euros are expected to be invested by the company for the expansion of a crui
se terminal, improvement of a ship repair wharf and a new multi-storey garage of roll-on roll-off ship wharf.
The port, as an important meeting point of the Silk Road Economic Belt and the 21st Cent
ury Maritime Silk Road, has become one of the fastest-growing container ports in the world in recent years.
Under the joint operation of Chinese and Greek enterprises, the port’s infrastruct
ure conditions and operational capabilities have been greatly improved. The freight hub has become increas
ingly prominent, not only providing more jobs, but also promoting local economic development and be
coming a model of win-win cooperation under the Belt and Road Initiative.