Cyprus selects Eurogate and DP World as Limassol terminal operators
The Government of the Republic of Cyprus, through the Transport Ministry, has selected two consortia for the Limassol Port privatization.
The first consortium, composed of Germany’s EuroGate International, Cyprus’s Interorient Navigation Company and Luxembourg-based East Med Holdings, will operate the box terminal.
The second consortium, composed of DP World, its subsidiary P&O Maritime and Cyprus’ GAP Vassilopoulos, will operate the multipurpose terminal.
The concession contract for the two terminals are expected to have a period between 25 and 30 years. The other concession at the port includes the marine services and is expected to be for a period between 10 and 20 years.
The port has become the principal seaport in Cyprus. It is the largest and busiest harbour on the island, capable of handling vessels up to 250 m size for berthing in 14m of water.
The overall port area is estimated to be 1,5 million m² and currently services 100% of the container traffic, 40-50% of total cargo and 75% of the passenger traffic in Cyprus.
It is expected that the opening of the Suez Canal extension will result in increased activity at the Limassol port, which lies at a strategic point in the eastern Mediterranean.
Country news
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February 16, 2016
Limassol Port PPP enters final phase
The Government of the Republic of Cyprus has plans to select the preferred bidder for the Limassol Port privatization during this week. After that the Parliament will be called to approve the transaction which is expected to be closed by March 31. Read more -
April 15, 2014
Port consultancy advisors sought for Cyprus port project
The Government of the Republic of Cyprus has announced that it plans to license part of the commercial operations of the Limassol Port. Read more -
June 25, 2014
Cyprus considers PPP for new prison
Local sources have informed that the Government of Cyprus has released a study in which it recommends building a brand new prison for 40 % less than previously forecasted through a PPP project. Read more -
June 27, 2014
Tender launched for construction and operation of wastewater plant in Cyprus
The Sewage Board of Limassol - Amathus, a public utility organisation that manages municipal wastewater of the Greater Limassol area in Cyprus, has issued a tender process for the development of a new wastewater plant. Read more -
November 13, 2014
Cyprus reports interest in port PPP project
The Government of the Republic of Cyprus, through the Minister of Communications Marios Demetriades, has reported interest from investors to license part of the commercial operations of the Limassol Port. Read more
