Limassol port tender will assess 14 bids

Limassol port tender will assess 14 bids

Fourteen offers have been received in a tender for the commercialisation of Cyprus’ Limassol Port.

Six offers were received for the port’s container terminal, three for marine services and five for the multipurpose terminal, Cyprus’ Ministry of Transport said.

The submissions will be reviewed and evaluated in detail over the next few weeks, and the preferred tenderer will be announced before the end of this quarter, the Ministry said.

Alecos Michaelides, permanent secretary of the Ministry of Transport, said his organisation was “very satisfied both by the number of participants and the quality of operators that submitted bids”.

The specific bidders were not disclosed, but Michaelides said they are “financially sound” and “internationally recognized for their experience in operating similar terminals and services”. DP World and APM Terminals are said to be interested in operating the port’s container terminal.

Cyprus hopes to raise €1.4bn by 2018 by privatising several state enterprises, Limassol port being one of them, in order to pay down the €10bn bailout it received from the EU and IMF in 2013.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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