Chinese multinational Cosco wants to construct a new cruise ship terminal and an accompanying shopping arcade, similar to the duty-free areas in international airports, as part of its 600-million-euro master plan for the port authority
The prospect of a new cruise ship terminal and an adjacent upscale shopping mall within the Cosco-managed Piraeus Port Authority (PPA) dominated a meeting on Monday between Development and Investments Minister Adonis Georgiadis and re-elected Piraeus Mayor Yannis Moralis, naftemporiki.gr reports.
Moralis again referred to concerns by local merchants in Piraeus over the prospect of a shopping mall within the port, even though stepped up contacts by all involved parties aim at resolving whatever objections by the municipality.
Chinese multinational Cosco wants to construct a new cruise ship terminal and an accompanying shopping arcade, similar to the duty-free areas in international airports, as part of its 600-million-euro master plan for the port authority - an initiative beyond the contractual investments stipulated in the 40-year concession agreement commenced in 2016.
Tags: Piraeus Port Authority Cosco
