AAi­ir­rp­poor­rtt lleeaasseess ggeett 33 bbi­id­dss

Financial Mirror (Cyprus) - - FRONT PAGE -

Three bind­ing bids have been sub­mit­ted by for­eign and lo­cal firms to lease 14 of the coun­try’s 39 re­gional air­ports un­der the na­tional as­set sales plan, where the aim was to raise EUR 5 bln, but only 3 bln worth of as­sets have been sold since 2010. The ini­tial tar­get had been for EUR 22 bln in the four year pe­riod.

The pri­vati­sa­tion agency HRADF an­nounced on Fri­day that Ger­many’s Fraport in co­op­er­a­tion with Slentel Ltd, Ar­gentina’s Cor­po­ra­tion Amer­ica hold­ing company and the in­dus­trial gi­ant Myti­li­neos, and the French Vinci Group with con­struc­tion group El­lak­tor, have bid for the air­ports.

In all, seven groups had been short-listed last year to op­er­ate and up­grade air­port ter­mi­nals at some of the most popular tourist is­lands, such as Rhodes, Corfu, Mykonos and San­torini, han­dling a record 19.2 mln tourists last year.

The pri­vati­sa­tion agency said it would pick the win­ner by the end of Novem­ber, with the new in­vestors ex­pected to in­ject EUR 250-300 mln to up­grade the fa­cil­i­ties.

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