A tender for the privatization of Limassol Port was published on Tuesday at the government`s e-procurement website.

The Ministry of Transport, which is the Contracting Authority, invited thereby potentially interested parties in entering into one or more concessions for various services at Limassol Port.

The deadline for dispatching invitations is on midnight of August 12.

According to the website, the contract notice concerns three potential opportunities in relation to Limassol Port in respect of the grant of a services concession for the Container Terminal, a services concession to provide Marine Services and a services concession in respect of a Multi-purpose Terminal.

Interested Parties may bid for one, two or all three of these potential opportunities.

The Ministry anticipates that the duration of the services concessions for the Container Terminal and the Multi-purpose Terminal is likely to fall within a range of between 25 to 30 years and for the Marine Services from 10 to 20 years.

It is added that Limassol Port is currently in the process of upgrades which should be completed in 2016.

The Limassol Port Commercialisation Transaction is explained in further detail in the Invitation for Expressions of Interest document which will be available from tomorrow, June 18, at the Ministry`s website.