Athens News Agency: News in English, 11-12-29

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From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

[01] Gov't unveils 450-mln-euro project to expand Piraeus port

[01] Gov't unveils 450-mln-euro project to expand Piraeus port

The plan, budgeted at 450 million euros, envisages a project to expand the southern part of the port and the construction of a monorail within the port. Both projects are expected to begin in 2012 after launching separate tenders in the first half of the year.amna

�We will disengage funds from 'dead' projects and earmark them for new projects, which will begin shortly,� Chryssohoidis said, adding that the projects will boost the cruise sector at the port of Piraeus.

The minister said the Piraeus Port Authority reported revenues totaling 360 million euros from sea cruises and noted that the ministry�s aim is to double this figure in the coming years.amna

George Anomeritis, chairman of Piraeus Port Authority, said the port expected 800 cruise ships to arrive at the port next year.

The project to expand the passenger port will cost 230 million euros and will offer six new docking spots for cruise vessels, while the monorail system project will cost around 120 million euros. The monorail system will expand on double line track with a length of around five kilometres.

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