Greek Court Blocks Expansion of Major Port Under Chinese Deal by Eleni Stamatoukou SOURCE: Balkan Insight

"In 2008, when the conservative New Democracy was the ruling party, the Piraeus Port Authority, PPA signed the 4.3 billion euro deal granting the concession for the exploitation of the commercial port for the next 35 years to Cosco, with the goal of developing the port into a logistics centre. In 2016, Cosco then bought a 51 per cent stake in PPA for 280 million euros with a concession agreement that is due to expire in 2052."