Chinese businessman Yang Qi and Hermes Airports are expected to sign a preliminary agreement for a huge investment in the old Larnaca airport and this is final.
Communications Minister, Efthimios Flourentzou told StockWatch that the agreement will be signed before the Chinese businessman departs from Cyprus. Mr. Yang Qi accepted the lease of land of 19 years as a timeframe.
“Then, the agreement/application will be submitted to the government so as to be examined and approved”, he added.
The agreement will provide for the extension of the period to 50 years, which, according to Mr. Flourentzou, will be examined at a later stage. “However, the procedures that will be followed will be in line with the European regulations”, he concluded.
Communications Minister, Efthimios Flourentzou told StockWatch that the agreement will be signed before the Chinese businessman departs from Cyprus. Mr. Yang Qi accepted the lease of land of 19 years as a timeframe.
“Then, the agreement/application will be submitted to the government so as to be examined and approved”, he added.
The agreement will provide for the extension of the period to 50 years, which, according to Mr. Flourentzou, will be examined at a later stage. “However, the procedures that will be followed will be in line with the European regulations”, he concluded.
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