EU approves EUR 114 million aid for extension of Piraeus port
The European Commission has found a EUR 113.9 million Greek support for an infrastructure project of EUR 120 million at the port of Piraeus to be in line with EU state aid rules. In September 2012, Greece notified plans to support an investment project by OLP, the port authority, to extend existing infrastructure for cruise ships at the port of Piraeus by two docking stations. The project is co-financed with EUR 96.9 million from EU structural funds. The project will improve the exploitation of cruise services at the port of Piraeus and support regional development by creating jobs and boosting economic activity through the passengers, crews and companies that it will attract.