OLP cries foul at DALP intervention
Cosco-controlled Piraeus Port Authority SA (OLP) has accused the state’s Public Authority of Piraeus Port (DALP) of a “systematic effort to dispute the privatization of OLP and its operation in the context of the law on private enterprises,” effectively speaking of state intervention.
In a letter dated February 5, which was sent to the ministers of finance and shipping and the presidents of state sell-off fund TAIPED and the Regulatory Authority for Ports, OLP claims that DALP chief Dimosthenis Bakopoulos “is trying to subrogate the administration of OLP SA and intervenes in the management of the port, which is not only illegal but also goes against the implementation of our company’s investment program, which depends on the approval of its master plan.”
OLP further claims that the state regulator is creating “serious confusion as to the competences and rights of the OLP administration, which appear to be exercised by DALP.”
The issue arose from DALP’s initiative to invite entities and port users to a consultation on the Piraeus Port Master Plan, which according to the Cosco-run listed company has no legal grounds. Sources also say DALP has further infringed on the competences of other entities, such as those of the Regulatory Authority for Ports.