Limassol port tender will assess 14 bids

Limassol-Port

A total of 14 companies have submitted bids for the commercialisation of Limassol port, the Cypriot Ministry of Transport, Communications and Works announced.

Among the bids, six submissions were received for the container terminal, three for the marine services and five for the multipurpose terminal.

“The commercialisation project now enters its next phase of detailed review and evaluation of the submissions which is expected to last a few weeks,” the Ministry said.

“Following the selection of the preferred tenderer relevant announcements will be made; until that stage no further announcements should be expected.”

“We are very satisfied both by the number of participants and the quality of operators that submitted bids,” said Alecos Michaelides, Permanent Secretary of the Ministry of Transport, Communications and Works.

“They are financially sound companies, internationally recognised for their experience in operating similar terminals and services.”

He added that “Our vision is to transform the Limassol port into a gateway to development for the future”.

The government plans to name the preferred bidders for the port’s privatisation before the end of the first quarter of 2016.

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