The Ministry of Transport, Communications and Works announced today that it has received 14 offers in the context of a tender for the commercialisation of Limassol Port.
An official press release issued on the expiry deadline for the submissions, notes that six offers were were received for the Container Terminal, three for the Marine Services and five for the Multipurpose Terminal in accordance with the terms of the procurement process and in line with the original timeline.
“The commercialization project now enters its next phase of detailed review and evaluation of the submissions, which is expected to last a few weeks. Following the selection of the preferred tenderer relevant announcements will be made,” the Ministry adds.
Referring to the so far course of the commercialization of the port, Alecos Michaelides, Permanent Secretary of the Ministry of Transport said “we are very satisfied both by the number of participants and the quality of operators that submitted bids.”
“They are financially sound companies, internationally recognized for their experience in operating similar terminals and services. Now is the time to evaluate their proposals in detail. Our vision is to transform the Limassol Port into a gateway to development for the future,” he added.
The Ministry aims to select the Preferred Bidders before the end of the first quarter, 2016, in line with the process so far and to pursue thereafter final approval of the House and the signing of the Agreement.
The sale of the port in Limassol is part of privatisation process, in the context of the €10 billion financial assistance package Cyprus concluded with the EU and the IMF on March 2013. Under the process Cyprus is to collect a total of €1.4 billion by 2018.