Statement of the Ministry of Transports, Communications
and Works
on the
commercialisation of the Limassol Port
Following a successful round of due diligence and two
rounds of consultations with the prequalified bidders, today, Wednesday, January
21, the Ministry of Transport, Communications and Works received in total
fourteen (14) submissions for the commercialisation of the Limassol Port. Six
(6) submissions were received for the Container Terminal, three (3) for the
Marine Services and five (5) 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; until that stage no further announcements should be
expected.
Referring to the successful course of the Limassol Port
commercialization so far, Mr Alecos Michaelides, Permanent Secretary of the
Ministry of Transport, Communications and Works, 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”.
The plan is to have 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.
