Cosco Shipping Ports looks likely to invest in the southern Spanish port of Algeciras, according to a number of sources in China.
The move would give the Chinese giant ports on both sides of the Mediterranean, having recently sewn up a deal to take over Greece’s largest port, Piraeus.
Algeciras Port Authority at the start of this month issued a tender notice calling for bidders to build and operate – for 50 years – a third terminal, which covers an area of about 37 ha.
