PCT (Piraeus Container Terminal), a subsidiary of COSCO SHIPPING Ports Limited, has made Investments amounting to approximately 600 million euros, from 2010 to date, taking advantage of the strategic position of Piraeus and making the cargo port among the leading ports in Europe.
PCT has been managing the facilities of Piers II and III of the Port of Piraeus container terminal since October 2009 and for 35 years, providing loading, unloading and storage services for imported and exported containers, including cargo using the Port of Piraeus as a stopover transportation.
It is a subsidiary company of COSCO SHIPPING Ports Limited, one of the three leading container terminal operators worldwide, which as COSCO Pacific Limited signed the Concession Agreement for the expansion, reconstruction and management of Pier II in 2009, as well as the construction and management of Pier III of the Port of Piraeus.
Given the strategic position of Piraeus on the Asia-Europe intercontinental sea route through the Suez Canal, PCT has been implementing for the last 13 years an emblematic investment program for the Greek economy, with the aim of making the largest Greek port a leading hub of transit maritime trade and Greece the most attractive, competitive trade hub in Southeast Europe and the Mediterranean.
Investments of 600 million euros
Since 2010, PCT has invested approximately 600 million euros in the port of Piraeus for the construction of main and auxiliary port works, the supply of technical, mechanical and technological equipment, training and safety at work.
As part of the modernization and expansion of the infrastructure, as well as the development of qualified human resources, the geographical advantages of the port were taken into advantage, giving it additional comparative advantages: operational stability, reduced loading and unloading times, the possibility of simultaneous service of 4 ships of 20,000 TEUs and above, interconnection with a national railway network .
Today the port of Piraeus enjoys the ever-increasing confidence of shipping companies and container transport associations in the global market.
Continuous development
PCT will continue to pursue the further upgrading of the cargo terminal, with the aim of providing quality services to its customers and establishing the port of Piraeus as the leading regional transit hub on the maritime trade route connecting Asia to Europe.
Investments in the construction of new infrastructure enhance the prospect of continued development of the PCT, with benefits for local communities, the national economy and Greece in general.
The contribution
In addition to its contribution to upgrading the position of Piraeus and Greece on the world map of maritime freight transport, PCT contributes significantly to the Greek economy, in terms of increasing public revenues, supporting domestic business and boosting employment.
Moreover, the fiscal benefit (concession fees, taxes, insurance contributions, etc.) from 2009 to 2022 amounts to 500 million euros.
