PPA S.A: An investment in Piraeus centered on people and quality of life

PIRAEUS PORT AUTHORITY PARK Common ground, common future

28 April 2026. A new landmark for the city of Piraeus is being created, strengthening the connection between the port, the city, and its citizens. This is a modern, open public space designed to serve as a place for gathering, recreation, and creative activities for people of all ages. On Tuesday, April 28, Piraeus Port Authority S.A. (PPA S.A.) presented the commencement of construction works for a new Park featuring a Model Playground and a Bike Lane, reaffirming its commitment to investments with a meaningful social impact.

The event coincided with the completion of ten years (2016–2026) since the beginning of COSCO SHIPPING’s partnership with Piraeus Port Authority (PPA), a collaboration that has played a decisive role in strengthening the port’s international position, as well as contributing significantly to the development of the Greek economy.

The Park, currently under construction within the port zone in the cruise area, will be an open, safe, and fully accessible space for recreation and sports for all citizens, including people with disabilities. The model playground will provide a modern and creative environment for children of all ages, while the bike lane will promote soft mobility and sustainable transportation.

At the same time, the project is expected to significantly upgrade the wider cruise terminal area, connecting the port with the city and improving visitors’ experience. In this way, Piraeus further strengthens its profile as a modern, welcoming, and attractive destination, while the project contributes to creating a positive first impression of Greece as a whole.

As emphasized by the Chairman of the Board of Directors of PPA S.A., Han Chao, the new project is not merely another infrastructure development, but an investment in people, quality of life, and the future of the city. Among other remarks, he stated: “We perceive the port as a vivid entity inseparably connected with the city of Piraeus and its people. The development of the port goes hand in hand with respect for the local community, and within this framework, we will continue implementing projects that strengthen sustainable development and create long-term value for all”.

The event was attended by the Ambassador of the People’s Republic of China to the Hellenic Republic, Fang Qiu, who referred to the significance of the project as an example of strengthening Greek-Chinese cooperation, underlining that socially oriented investments contribute to further enhancing the relations between the two countries and to the promotion of sustainable development.

Welcoming remarks were also delivered by the Deputy Minister of Maritime Affairs and Insular Policy, Stefanos Gkikas, the Minister of Social Cohesion and Family Affairs, Domna Michailidou, and the Mayor of Piraeus, Yiannis Moralis. All speakers emphasized that this is a high value-added intervention that substantially improves citizens’ daily lives, enhances quality of life in the city, and contributes to the sustainable urban development of Piraeus.

Mr. Gkikas stated: “Just as it is important for a port to contribute to the country’s economy, it is equally important for it to return tangible benefits to society and its citizens. It is precisely within this context that the park currently under construction within the port zone takes shape.

The development of port infrastructure must go hand in hand with projects that improve the everyday lives of citizens.”

Ms. Michailidou underlined: “The Port of Piraeus does not look only towards the sea and the world, but also towards the city and its people.

Congratulations on the design and implementation of this project. I wish that the PPA Park will become a vibrant space for gathering, creativity and everyday joy for young and old alike.”

Mr. Moralis noted: “The creation of the new PPA Park is an important addition for the city of Piraeus, as it enhances residents’ daily life and contributes to the gradual upgrading of the wider cruise area. The city and the port should always have as a common goal the improvement of the quality of life of the people of Piraeus.”

The blessing ceremony of the event was conducted by His Eminence Metropolitan of Piraeus, Mr. Seraphim.

The event was moderated by journalist Ms. Velika Karavaltsiou.

PPA S.A. reaffirmed that it invests not only in infrastructure, but also in relationships of trust with the local community, placing particular emphasis on cooperation with the State, the Region, and the Municipality of Piraeus for the implementation of projects with lasting social benefit.

Project Details

·         Contract signing date: 28.01.2026

·         Budget: €3,248,500.01 (+ VAT)

·         Construction duration: 24 months

Main Project Infrastructure

·         Entrance and parking area of 1,395 sq.m. with 50 parking spaces (including 5 for people with disabilities)

·         Entrance security booth

·         Food service and sanitary facilities building (173.69 sq.m.)

·         Model playground of 2,200 sq.m. with distinct zones for all age groups and people with disabilities

·         Two-way bike lane, 2.5 meters wide, developed around the perimeter of the park

·         Outdoor gym area of 137 sq.m.

·         Outdoor multipurpose area of 64 sq.m.

·         Outdoor recreational area with game tables of 209.80 sq.m.

About PPA S.A.
Piraeus Port Authority S.A., a Euronext Athens listed company, is engaged in the management and operation of Piraeus port, Greece’s largest port and one of the largest integrated harbors in Europe, providing a complete range of services. Some of the company’s activities involve cruise, coastal (ferry/passenger), container and car terminal services, as well as general cargo, ship repair, logistic and free zone services. The main shareholder of Piraeus Port Authority S.A., with a stake of 67 percent, is COSCO SHIPPING, one of the largest maritime companies in the world.

Over the last decade the company has experienced a remarkable growth in all port activities, which is still underway, largely contributing to the country’s economy, while driven by green development and increased digitalization, alongside a people-first approach and a spirit of giving back to society.

PPA holds the ”ECO PORT” PERS status, is included in the Euronext Athens ESG index and is one of the “Most Sustainable Companies in Greece 2026”.

For more information, please visit https://olp.gr