The European Investment Bank is holding talks with Hutchison and Cosco in respect of funding their investments respectively in the ports of Salonika and Piraeus.
The Bank has already agreed a loan of €100 million with the Port Authority to extend the sixth pier at Salonika, although this is now not expected to proceed following a revamp of the plan by Hutchison.
In the meantime, Piraeus Port authority and Cosco Pacific have signed a €4.3bn contract granting the shipping line a 35-year concession to operate the port.
The Bank has already agreed a loan of €100 million with the Port Authority to extend the sixth pier at Salonika, although this is now not expected to proceed following a revamp of the plan by Hutchison.
In the meantime, Piraeus Port authority and Cosco Pacific have signed a €4.3bn contract granting the shipping line a 35-year concession to operate the port.