ECONOMY

Ports need improved links to lure investors, says minister

Greek ports must cooperate with each other and improve links with the rest of the country’s transport network to attract investment, Merchant Marine Minister Constantinos Mousouroulis said on Thursday.

“The European Commission thinks Greek ports have three problems: deficiencies in administration, lack of cooperation with each other and low spending on investment and equipment,” Mousouroulis told reporters in Athens.

A deal between Hong Kong-based Cosco Pacific Ltd, which runs Pier II at the country’s main harbor, Hewlett-Packard Co and Greek railway operator TRAINOSE “sets a first example of successful connectivity among the country’s commercial transportation grids,” Mousouroulis said. [Bloomberg]