Investment expands Piraeus car transport terminal, raising port’s profile in East Mediterranean

The Piraeus Port Authority (PPA) managers inaugurated on Tuesday the extension of its car terminal, by nearly 40,000 sqm to the north side of the port, increasing the port’s capacity for car trade.

The new investment of Cosco’s subsidiary totaled 20 million euros, adding space for another 5,100 cars. The project was part of the PPA’s obligations under the port concession. The car park’s total surface area is now 110,000 sqm.

Under the expansion, Piraeus has become one of the largest car transport hubs in the East Mediterranean.

The event was welcomed by Shipping and Island Policy Minister Christos Stylianides and National Economy & Finance Minister Kostis Chatzidakis, in the presence of Chinese Ambassador to Greece Xiao Junzheng and PPA SA Chairman Yu Zeng Gang.

Investment expands Piraeus car transport terminal, raising port’s profile in East Mediteranneanhttps://t.co/HZuboYBaWn pic.twitter.com/ML3P1K8prm

— ANA-MPA news (@amna_newseng) February 6, 2024