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Cosco briefed on logistics centre,other investment prospects

24. May 2010. | 10:05

Source: ANA

Chinese multinational Cosco on Thursday expressed interest in investment opportunities in Greece, including a proposed a logistics centre in Thriasio Pedio industrial district west of Athens proper.

Chinese multinational Cosco on Thursday expressed interest in investment opportunities in Greece, including a proposed a logistics centre in Thriasio Pedio industrial district west of Athens proper.

Chinese interest was expressed during a meeting between Infrastructure, Transport and Networks Minister Dimitris Reppas and Cosco chairman Wei Jiafu, who has been received by the country's political and business leaders this week.

Speaking to reporters after the meeting, Reppas said talks with Cosco executives were very successful, before specifically citing an international tender to build and manage a large logistics centre in the Thriasio Pedio district.

He said the tender will be launched in the next few days.

The winner of the tender will manage the project for a period of 40 years.

Moreover, Greek officials briefed Cosco executives over the condition of Hellenic Railways and over a plan to build a new international airport in Irakleio, Crete, a major holiday destination.

Finally, the minister said that although Cosco was primarily a shipping company and not a rail operator, it was briefed on prospects for Hellenic Railways (OSE), especially the rail cargo component.

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