ECONOMY

Cosco is…

Chinese shipping company Cosco is planning a total investment of $707 million to upgrade the port of Piraeus, which is already under its management, according to a report by the China Daily newspaper. The report adds that these funds will go toward an upgrade of the infrastructure at Dock II and for the construction of Dock III so that it can triple the handling of cargo at the two docks in Greece’s biggest port.

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