CYPRUS: Final bids for Limassol port by January 19

The Transport Ministry will send the final documents of the tender for the privatisations of the commercial activities of the Limassol Port and the binding bids will be submitted by January 19, the Ministry’s Permanent Secretary Alecos Michaelides said.

The tenders cover three potential services concessions namely the container terminal, marine services and the multipurpose terminal.
“We will be sending the tender’s final documents later today and we will request their final offers on January 19,” said Michaelides, who is also President of the Cyprus Port Authority.
The potential bidders have dropped to 17, from the 33 that initially expressed interest.
Under the terms of the tender, the Ministry will select the highest bidder, while the process is expected to conclude by the first quarter of 2016.