Eu Structural Funds News

Greece's Cruise Port Gets EU Extension Grant

The European Commission has found a €113.9 million Greek support for an infrastructure project of €120 million at the Port of Piraeus to be in line with EU state aid rules. The EU's official gazette 'Europa' reports that the EU Commission found that the project will further the objectives of EU transport policy and cohesion without unduly distorting competition in the internal market. 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 2 docking stations.