Overview

China COSCO Shipping Corporation Limited (COSCO) provides unspecified monthly relief to poor families in the Piraeus (Greece) area

Commitment Year•2020Country of Activity•GreeceDirect Recipient Country of Incorporation•GreeceSector•Other Social Infrastructure And ServicesFlow Type•Grant

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2020

Start (actual): Jan 1, 2020

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned companies

COSCO SHIPPING (China COSCO SHIPPING Corporation Limited)

Receiving agencies

Government Agencies

Piraeus Municipal Government

Loan description

China COSCO Shipping Corporation Limited (COSCO) provides unspecified monthly relief to poor families in the Piraeus (Greece) area

Narrative

Full Description

Project narrative

In 2020, China COSCO Shipping Corporation Limited (COSCO) provided unspecified monthly relief to poor families in the Piraeus (Greece) area. The recipients of the relief and the total financial value of the relief are unknown.

Staff comments

1. In 2016, Chinese state-owned enterprise China COSCO Shipping Corporation Limited (COSCO) purchased a 51% stake in Piraeus Port Authority S.A. (PPA). In 2021, it acquired another 16% stake, raising its interest to 67%. 2. AidData assumes that the commitment date for this project is 2020, the year the 2020 COSCO Shipping Corporation Limited Sustainability Report (Source ID #170326) was published