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HomeNewsEC investigates state aid to the COSCO container terminal in Piraeus

EC investigates state aid to the COSCO container terminal in Piraeus

This is the result of the assessment of the complaints lodged in 2009, concerning possible advantageous provisions included in the concession agreement which were not foreseen in the tender, and tax exemptions and other advantages.

According to the Commission’s assessment, the differences between the concession agreement and the contract notice do not constitute State aid. The fiscal measure related to the exemption from corporate income tax for goods, works and services provided to Piraeus Container Terminal outside Greece does not constitute State aid either.

However, for all the other fiscal advantages, the Commission considers at this stage that they constitute State aid.

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