Piraeus from across the country. A number of events contributed to the development of the city ; among these were its ultimate declaration as the leading port of Greece, the completion of the Athens-Piraeus Railway in 1869, the industrial development of the area in the 1860s, and the creation of the Corinth Canal in 1893, all of which left Piraeus more strategically important than ever. New buildings were constructed to cover the necessities of this growth, such as educational institutions, churches, the Stock Exchange Building, the Town Hall, the Central Market, the Post Office Building and charity institutions; the port was
Port of Piraeus the Greek government-debt crisis started in late 2009 the Greek government planned to privatize several state-owned assets. These assets are believed to be worth around 50 billion euros. One of these assets is the port of Piraeus. In October 2009 Greece leased docks 2 and 3 from PPA to the China Ocean Shipping (Group) Company (in short: COSCO) for a 35-year-period. For its presence at the port COSCO is paying 100 million euros every year. Terminal 1 is operated by PPA S.A. and has a capacity of nearly 1 million TEUs. Terminal 2's capacity is 3 million TEUs and is