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BRI brings new vitality to Greece's largest port

Xinhua | Updated: 2023-08-30 14:17

A driver works at the container terminal III in Piraeus port, Greece, Feb 16, 2023. [Photo/Xinhua]

China's COSCO Shipping has systematically been investing in society, infrastructure, technology and the environment, contributing to the overall development of Greece's economy and society. So far, the Piraeus project has created jobs for over 3,000 local people directly and 10,000 people indirectly, according to a local research institute.

The company has also allocated over 600,000 euros to local communities to support education and culture in recent years.

Greece's Culture Ministry said this summer that by the end of 2025, a building and its adjacent spaces inside the port that the PPA granted to the Greek state last year will be transformed into the Museum of Underwater Antiquities.

"A formerly big port with huge competitiveness problems has become one of the most competitive ports in Europe. A very crucial Chinese investment is progressing very well. The project has been successful," Bank of Greece Governor Yannis Stournaras told a press briefing in Athens earlier this summer.

According to Greece's Prime Minister Kyriakos Mitsotakis, COSCO Shipping's investment in the port of Piraeus is an example of fruitful international cooperation and it is a win-win situation for all stakeholders involved. 

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