Cosco intends to invest EUR 600 million for Piraeus Port development, the company’s chairman Xu Lirong said, an increased investment than the agreement mentiones. In the next five years, Cosco will launch some projects valuated at EUR 500 million.
Under the concession agreement between the two parties, the Cosco’s investments into port was established at EUR 350 million for the next decade. The total value of the agreement was EUR 1.5 billion.
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