Ports require urgent upgrades
Costs, estimated at over 2.5 bln, require infusion of private capital in return for sale of some services
By Nikos Bardounias - Kathimerini
The government has staked a great deal on attracting foreign investment to modernize the country's ports and upgrade their services, hoping not only to improve their competitiveness but also to create jobs.
Most major Greek ports, such as Piraeus, Thessaloniki, Igoumenitsa, Iraklion, Corfu and Alexandroupolis can become important transit points for goods headed to the Black Sea, the Balkans, Central Europe and North Africa. It is estimated that container traffic in the area will triple within the next decade. That prospect has heightened the interest of big international cargo transport and port services firms in investing in Greece
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