DP World awarded Limassol contract in Cyprus

EuroGate-DP-World-to-Operate-Limassol-Port

DP World and the Cypriot logistics and services company GAP Vassilopoulos Public have won two concessions to manage commercial activities at Limassol Port in Cyprus starting in January.

DP World was awarded a 25-year concession to manage activities that include break-bulk, general cargo, ro-ro and the operation of the passenger terminal.

P&O Maritime Cyprus, a unit of DP World, won a 15-year concession to exclusively provide port marine services at Limassol.

DP World will own 75 per cent of each joint venture, with its Cypriot partner owning the rest.

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