Short­list for Li­mas­sol port down to 30

Financial Mirror (Cyprus) - - FRONT PAGE -

A to­tal of 30 in­vestors have been short­listed for the pri­vati­sa­tion of the three pri­mary ser­vices ar­eas of Li­mas­sol port.

The pre­s­e­lec­tion of in­vestors who ex­pres­sion of in­ter­est be­gan on Au­gust 10.

Ini­tially, 33 bids were re­ceived in the first stage, and the author­i­ties had pre­s­e­lected 12 com­pa­nies or con­sor­tiums in­ter­ested in the con­tainer ter­mi­nal, 10 for sea ser­vices, and 13 for the gen­eral cargo ter­mi­nal.

Some com­pa­nies had sub­mit­ted bids for more than one ser­vice.

Trans­port Min­istry Di­rec­tor Gen­eral and Cyprus Ports Au­thor­ity Chair­man Ale­cos Michaelides said that the aim is to com­plete the process by March 2016, af­ter which the


an suc­cess­ful bid­ders will en­ter ex­ist­ing staff and con­tac­tors.

The next round of con­sul­ta­tions is ex­pected to be­gin in 15 days when the doc­u­ments that will be given to in­vestors will be fi­nalised and the po­ten­tial in­vestors’ fi­nal bids should be pre­sented by De­cem­ber.

Based on the gov­ern­ment’s plan for the pri­vati­sa­tion of the port of Li­mas­sol, the CPA will re­main­tain as a public or­gan­i­sa­tion, and will be the land­lord with a reg­u­la­tory role.

As re­gards the old Li­mas­sol port, Michaelides said leas­ing con­tracts were ex­pected to be signed this month, with par­ties in­ter­ested in us­ing its build­ings.

He said the in­ter­est was mainly for open­ing restau­rants and cafes, which would liven up the area.



phase with

The state had in­cluded 40 venues in the com­pe­ti­tion but it only re­ceived bids for 18. Even­tu­ally, 16 bids were awarded.

Michaelides ex­pects that the rest would also be taken in the near fu­ture.

The restau­rants and cafe­te­rias will at­tract the public and peo­ple in­ter­ested in rent­ing of­fice space or shops, he said.

How­ever, the gov­ern­ment con­tin­ues to face stiff re­sis­tance from the 31 li­censed porter com­pa­nies who are ex­pected to re­ceive a com­pen­sa­tion of EUR 27 mln – 20 mln of which has al­ready been dis­bursed – and an ad­di­tional 1 mln to com­pen­sate their work­ers.

Trade unions staged a strike, cost­ing the econ­omy mil­lions in un­pro­cessed trade, as they in­sist on be­ing paid up­front, prior to any deal with pri­vate part­ners.

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