{"id":17570,"date":"2015-03-30T11:57:29","date_gmt":"2015-03-30T11:57:29","guid":{"rendered":"https:\/\/splash247.com\/?p=17570"},"modified":"2015-03-30T12:00:04","modified_gmt":"2015-03-30T12:00:04","slug":"piraeus-port-privatisation-could-raise-up-to-545m","status":"publish","type":"post","link":"https:\/\/splash247.com\/piraeus-port-privatisation-could-raise-up-to-545m\/","title":{"rendered":"Piraeus port privatisation could raise up to $545m"},"content":{"rendered":"

London: The privatisation of Greece’s Piraeus Port could raise at least\u00a0\u20ac500m ($545m), Greek officials told the\u00a0WSJ.<\/em><\/p>\n

The previous Greek government announced plans to sell a 67.7% stake in the Piraeus Port Authority, which have since been put on hold to be “re-assessed” by the new Syriza-led\u00a0parliament.<\/p>\n

Ship-repair facilities, rail links, and cruise and ferry docks could all generate further investment and create thousands of jobs, officials told the\u00a0paper.<\/p>\n

Four of the world’s biggest operators of container terminal networks are said to be shortlisted for the buy-out, being China\u2019s China Cosco Holdings; APM Terminals, part of Denmark’s\u00a0A.P. M\u00f8ller-M\u00e6rsk Group;\u00a0Ports America Inc, the biggest operator of US\u00a0ports; and the Philippines’ International Container Terminal Services Inc.<\/p>\n

Cosco is said to be the front-runner for the deal, and already operates the port’s Piraeus Container Terminal (PCT).<\/p>\n

Earlier this month, the European Commission\u00a0ruled that\u00a0Greece granted PCT and its parent Cosco Pacific an undue advantage<\/strong><\/a> over their competitors, and\u00a0should recover incompatible state aid\u00a0from the terminal.<\/p>\n

Neither the terminal’s expansion project nor its concession agreement<\/strong><\/a> with the port authority will be affected by the ruling.<\/p>\n

Greek officials also told creditors they will seek to privatise operating concessions at 14 regional airports, the\u00a0WSJ<\/em>\u00a0reports.<\/p>\n","protected":false},"excerpt":{"rendered":"

London: The privatisation of Greece’s Piraeus Port could raise at least\u00a0\u20ac500m ($545m), Greek officials told the\u00a0WSJ. The previous Greek government announced plans to sell a 67.7% stake in the Piraeus Port Authority, which have since been put on hold to be “re-assessed” by the new Syriza-led\u00a0parliament. Ship-repair facilities, rail links, and cruise and ferry docks …<\/p>\n","protected":false},"author":2,"featured_media":1829,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[70,64],"tags":[155,119],"yoast_head":"\nPiraeus port privatisation could raise up to $545m - Splash247<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/splash247.com\/piraeus-port-privatisation-could-raise-up-to-545m\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Piraeus port privatisation could raise up to $545m - Splash247\" \/>\n<meta property=\"og:description\" content=\"London: The privatisation of Greece’s Piraeus Port could raise at least\u00a0\u20ac500m ($545m), Greek officials told the\u00a0WSJ. 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The previous Greek government announced plans to sell a 67.7% stake in the Piraeus Port Authority, which have since been put on hold to be “re-assessed” by the new Syriza-led\u00a0parliament. 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