Limassol port to be auctioned to the private sector

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Around thirty-five privately owned companies were selected in order to denationalise the Limassol port, with final negotiations to be expected in December.
After the end of the first stage of bidding, 33 offers were received and evaluated, from which the authorities have selected 12 companies that have an interest in the container terminal,13 for the general cargo terminal and 10 for sea services. Some of the companies have also submitted bids for more than one service.

Now that the first stage of bidding has come to an end, the companies should receive a tender document together with a draft contract and discussions which will follow before the final bids take place. The whole procedure is expected to finish during the first quarter of 2016.