Ways to tap into the expansion of combined transport and upgraded infrastructure were explored during the 1st conference on "Infrastructure and Transport in Greece: Prospects for Development” held in Athens.
Despite forecasts of robust growth for the international cruise travel industry, the sector in Greece is barely keeping its head above the water with local industry insiders speaking of a 25 percent decline in traffic for 2017 and the same trend in 2018.
Hong Kong-based shipping giant Cosco has slated 140 million euros for works to be completed in 2017 in efforts to make the port of Piraeus a major cruise and transhipment hub for travel and trade between Asia and Eastern Europe.
The 300-member Greek parliament ratified by a 223-vote the sale of the Piraeus Port Authority (OLP) to Chinese shipping giant Cosco a day after the Hong-Kong based conglomerate said in letter that the terms for the deal submitted to parliament had been altered.
Outgoing traffic is set to peak on Holy Friday with ferry companies expecting an increase in passenger traffic by about 5 percent compared to last year for the Easter holidays, which this year coincide with May Day.