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Home arrow About Us arrow Embassy of Greece in London arrow News arrow Samaras hails HP-Cosco-TrainOSE deal as 'vote of confidence' for country

Samaras hails HP-Cosco-TrainOSE deal as 'vote of confidence' for country

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Prime Minister Antonis Samaras on Wednesday publicly praised an agreement between Hewlett-Packard, Cosco and TrainOSE to use Cosco's cargo terminal at the port of Piraeus as a hub to distribute the electronics giant's products in central Europe, Middle East, North Africa, the eastern Mediterranean and eastern Europe.

The Greek premier, speaking after a meeting with representatives of the three companies and in the presence of Development Minister Costis Hatzidakis and Merchant Marine Minister Costas Mousouroulis, said the agreement was a "vote of confidence" for Greece in this effort towards an economic recovery, stressing that the agreement reasserted the role that the country can plan with its infrastructure in the global business map.
“I believe that our country can make it, when its production capacity is dynamically modernised, as this significant decision taken by the three partners shows,” Samaras said.

The agreement was presented to the Greek PM by HP’s senior vice-president, Tony Prophet, and Cosco chief executive Capt. Fu Cheng Qiu.

Under the agreement, HP will distribute its products by maritime transport to Cosco's terminal in Piraeus and then by rail using TrainOSE’s adjacent rail infrastructure. The agreement coincides with the completion of a rail line linking the port of Piraeus with the country’s inter-European railway networks.
HP’s logistics and transport business totals 50 billion US dollars, of which the biggest part cover activities in Europe, North Africa and the Middle East.

According to initial estimates, the agreement can increase local volume by 50 percent for the port and create hundreds of new jobs.
"With this agreement the role our country can play on the global business map is being confirmed. And at the same time, if this agreement goes ahead, as we would like, the volume of transactions at the port of Piraeus will increase, along with TrainOSE's transport work. Said differently, the port will help the railroad and the railroad will help the port, for the first time in Greece".
"... I believe that all of the Greek people are aware that Greece is a country in this part of Europe that can gain business allies, markets, in order to allow us to achieve the growth demanded by the times. Consequently, this is an important moment and I would like to thank both ministers and the representatives of the companies, who are providing this vote of confidence for Greece," the prime minister said.

Last Updated Thursday, 15 November 2012
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