COSCO wins Greek port contract

December 18, 2008 | BY

clpstaff &clp articles &

COSCO Pacific, a container terminal operator, has finalised a €4.3 billion (US$6.6 billion) concession agreement with Piraeus Port Authority.Once the…

COSCO Pacific, a container terminal operator, has finalised a €4.3 billion (US$6.6 billion) concession agreement with Piraeus Port Authority.

Once the deal is ratified by the Greek Parliament, COSCO Pacific will develop and operate two piers at Piraeus, Greece, through wholly-owned subsidiary Piraeus Container Terminal.

Orrick, Herrington & Sutcliffe advised COSCO Pacific with Fortsakis, Diakopoulos, Mylonogiannis & Associates advising on Greek-law aspects of the deal.

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