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Published: 2019-11-18

Port of Piraeus secures major funding

Ports & terminals Port of Piraeus secures major funding

Photo: Port of Piraeus

Port of Piraeus secures major funding. The European Investment Bank (EIB) formally agreed to provide €140m to support expansion and upgrading of the Port of Piraeus.

It is the largest loan for port investment in Greece by the EIB in history and will support part of the actions forming a total investment plan of over €600m. The first €100m tranche of the loan has already been signed, with the remainder to follow as project construction progresses.

"Recent investment has shown how investment at the Port of Piraeus can support economic growth and benefit Greece. Confirmation of the European Investment Bank's support follows detailed due diligence and reflects the broad benefits to be unlocked by the largest investment programme in the history of the Port of Piraeus", said Yu Zenggang, Chairman, Piraeus Port Authority S.A.

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