Fi­nal bids for Li­mas­sol Port to be sub­mit­ted by Jan­uary 19

Financial Mirror (Cyprus) - - FRONT PAGE -

The Trans­port Min­istry will send the fi­nal doc­u­ments of the ten­der for the pri­vati­sa­tions of the com­mer­cial ac­tiv­i­ties of the Li­mas­sol Port and the bind­ing bids will be sub­mit­ted by Jan­uary 19, the Min­istry’s Per­ma­nent Sec­re­tary Ale­cos Mix­haelides said.

The ten­ders cover three po­ten­tial ser­vices con­ces­sions namely the con­tainer ter­mi­nal, marine ser­vices and the mul­ti­pur­pose ter­mi­nal.

“We will be send­ing the ten­der’s fi­nal doc­u­ments later to­day and we will re­quest their fi­nal of­fers on Jan­uary 19,” said Michaelides, who is also Pres­i­dent of the Cyprus Port Author­ity.

The po­ten­tial bid­ders have dropped to 17, from the 33 that ini­tially ex­pressed in­ter­est.

Un­der the terms of the ten­der, the Min­istry will se­lect the high­est bid­der, while the process is ex­pected to con­clude by the first quar­ter of 2016.

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