A chamber of Greek-Chinese economic cooperation on Tuesday, April 9, expressed its concerns over what it called the recent “negative developments” regarding the future of a 600-million-euro investment plan by the Cosco-managed Piraeus Port Authority (PPA).
The chamber referred directly to the unprecedented declaration of roughly half of the port authority – as well as two-fifths of the entire municipality of Piraeus – as an area of archeological interest. Such a designation, among others, means much stricter building codes and land uses.
Other reports say that COSCO is willing to enter talks with the Port of Trieste in Italy, in order to secure a Plan B in the case of Piraeus Port plan halting. Italy has recently joined the BRI project, so the Chinese-Italian relations seem to be warmed. With that way, the Chinese giant puts pressure on the Greek side.
