Athens and Beijing sign three-year action plan

Athens and Beijing sign three-year action plan

Greece and China signed a “three-year action plan” for joint projects over the weekend that will see Greece claim a share of Beijing’s 100-billion-euro investment program for the countries on the so-called New Silk Road.

The plan signed is simply a statement of intent and does not come with any contracts or specific commitments. However, it concerns investments in transport, energy and telecommunications, “whose successful implementation could bring investments running into billions of euros,” according to Deputy Economy Minister Stergios Pitsiorlas, who signed the action plan on Greece’s behalf.

“There are investment plans on the table concerning the rail network, ports and airports, and stretching to telecom and energy network interconnections and investment in power plants, including those using renewable energy sources,” added Pitsiorlas, the former head of the state privatization fund (TAIPED).

In his meeting with Greek Prime Minister Alexis Tsipras on Saturday, Chinese President Xi Jinping issued a call to Greek and Chinese enterprises to expand cooperation between the two countries in the domains of infrastructure, shipping and telecoms.