Cosco Interested In PPA Under Conditions
Cosco is positive in claiming the 23.1% stake of Piraeus Port Authority, while several market sources consider the company as the undisputed favourite.
Responding to Capital.gr, Tassos Vamvakidis, deputy commercial director of SEP, a Cosco subsidiary, said that Cosco could consider express interest, once the Geek government set the framework for the sale of the package.
Similar was the statement of the chief executive of Captain Fu Cheng Qiu recently, with the Chinese company maintain a waiting stance. The medium-term fiscal program provided the sale of PPA, but there was substantial progress in the matter.
SEP is determined to strengthen its operation in Piraeus.
“We should not allow the crisis affect Cosco investment in Greece”, Vamvakidis said.
Thus, it proceeds with the renovation of infrastructure at Pier II, and the construction of Pier III next month.
“Cosco will honour its commitments”, said the executive.
Pier III would be completed in 2015, and the construction cost will amount to €110 million, raising capacity by 1.1 million teus.
Regarding Thriassio project, Vamvakidis said that the plan of a freight centre has fallen through.
As for the rail link of Piraeus port, pending for a decade, he commented that Hellenic Railways (OSE) is to blame for the delay.
(capital.gr)