Cosco Starts Piraeus Container Terminal Upgrade

China Ocean Shipping Company (Cosco) held the Inauguration of the Expansion of Pier III of COSCO Piraeus Container Terminal (PCT) on January 22.

In his remarks, the Prime Minister of Greece Antonis Samaras described the PCT project as the most important investment in Greece in the last decade, also saying that these projects will consolidate the role of Piraeus as an important European portal along the new Silk Road, and help boost the Greek economy.

In a message read by Zou Xiaoli, China’s Ambassador to Greece, Premier Li Keqiang of China said that China and Greece are enjoying an all-round and rapid development of bilateral relations.

I wish to reiterate that China highly values its relations with Greece and hopes that through joint efforts with Greece, the Piraeus port will be turned into a first class port in the Mediterranean Sea and a vital hub of the region, and on that basis, the building of the China-Europe Land-Sea Express Line will be accelerated. By so doing, we will move China-Greece practical cooperation steadily forward and deliver even greater benefits to our two countries and peoples,” said Premier Li Keqiang.