CYPRUS: Limassol port privatisation tender in May

The government will next month launch a tender for the privatisation of commercial operations at Limassol port, Transport, Communications and Works Minister Marios Demetriades said.

Demetriades began a series of contacts with the island’s political parties, to brief them on the progress of the privatisation process.
“We would like the process to proceed in the next month and to launch the tender,” he said in statements following a meeting with the leader of the European Party, Demetris Syllouris.
He said that the management of the Limassol port’s commercial activities will be assigned to a private company through a concession for a period of 25 to 30 years.
Asked if the privatisation of the port would boost its operation and increase government revenue, Demetriades said the issue does not only concern government revenue but primarily economic activity.
“We believe that through this process our ports will operate more effectively and will increase economic activity in Cyprus,” he said.