Defence minister: Greece in advanced talks with Cosco on Piraeus port
THE Greek defence minister revealed that the government is in advanced discussions with China's Cosco to boost their cooperation in the country's biggest port of Piraeus, Reuters reported.
"We are in very advanced talks to expand this cooperation very soon in relation with the inclusion of a railway network as well," Defence Minister Panos Kammenos told an economic conference in Athens.
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.
Greece unblocked the sale of a 51 per cent stake in Piraeus port and has invited Cosco and two other short listed investors to submit binding bids by September.