Greece benefiting under China’s BRI cooperation

China foreign ministry spokesperson Geng Shuang

Brussels, June 16: Greece’s permanent representative to NATO, Spiros Lambridis said that Greece is greatly benefiting from China’s ties in the context of the Belt and Road Initiative (BRI) and will continue cooperation on this path.

“At this point all that we are getting out of this is the benefits of a healthy and very legitimate commercial relationship,” he said, pointing to the large and successful case of bilateral collaboration under the BRI in Greece — Chinese COSCO SHIPPING’s investment project at the Piraeus Port.

More than a decade ago, when Greece launched an international tender for the management of its largest port, Piraeus was still a decaying port, he said.

Piraeus is the second largest container port in the Mediterranean after Valencia.

China’s COSCO Shipping acquired a majority stake in PPA S.A. in 2016 after an international tender and continues to change the port’s image. The Chinese company’s subsidiary Piraeus Container Terminal S.A. (PCT) has also been managing the port’s container terminals since 2009, posting remarkable results.

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