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21 September 2021 The on-line newspaper devoted to the world of transports 07:34 GMT+2

December 6, 2006

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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