Limassol Port Privatisation to Offer State €2B Over 25 Years

15:50 - 04 Μαρτίου 2016

GoldNews
The recent privatisation of the commercial activities of Limassol Port, the island’s largest port, is expected to give the state an income of two billion euros in the next 25 years, the House Communications Committee heard on Thursday.
Minister of Transport, Communications and Works Marios Demetriades outlined the economic aspect of the agreement to commercialise three of the port`s services as well the business plans of the contractors, noting that the total revenue for the state, based on the net present value and business plans of the preferred contractors, will be €1.16 billion.
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