Cyprus moves ahead with Limassol port privatisation plans

Cyprus moves ahead with Limassol port privatisation plans

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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