Limassol: Cyprus is pushing ahead with the privatisation of its ports as part of the nation’s rehabilitation plans which will see a number of state-run entities turned over to the private sector.
The Council of Ministers has approved amendments to the legal framework governing the operation of the Cyprus Ports Authority, the country’s transport minister Marios Demetriades said.
“Our goal remains the invitation of tenders for commercial operations within May,” he said.
Limassol port will be offered to global port operators for a period of 25 years in a tender due next month.
