Cyprus Receives 14 Port Bids

 25 Jan 2016     Carriers, Finance, Going Places, Politics, Port Governance, Port Planning, Ports

The Cypriot Ministry of Transport has received a total of 14 bids, including six for the container terminal and five for the multipurpose terminal at Limassol Port, according to Cyprus Mail.

The next stage will involve evaluating submissions, as well as a detailed review in order to take the privatisation project forward.

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

“They are financially sound companies, internationally recognised for their experience in operating similar terminals and services. Our vision is to transform the Limassol Port into a gateway to development for the future”.

Once the preferred bidder has been selected, an official announcement will be made.

China recently expressed an interest in a number of Cypriot ports in a bid to transform the island into a regional shipping hub.