Caramondanis: Alterra Consortium decided not to renew the offer of the airports
29/7/2004 10:10
The Board of Directors of the company wish to inform its shareholders and the investing public in general that the Alterra Consortium, which has been selected by the government for the administration of the Larnaca and Paphos airports, decided not to proceed to the renewal of the offer and therefore to terminate the negotiations.
The main reasons that contributed to the above decision was the lengthy delay of the realization of the project and the change in priorities, the non understanding of on the views of the consortium during the negotiations, the differentiation in the financial data from the possibility of opening airports and ports in the occupied part of Cyprus and from the dangers that may possible arise from the exciting legal actions.
The Alterra Consortium has been created exclusively for the submission of the offer of building and management of the airports Larnaca and Pafou with the BOT method. The foreign members Altera and Barclays participated with 73% and the Cypriot members, Laiki Group, Liaki Investments and Caramondani participated with 27%.
The main reasons that contributed to the above decision was the lengthy delay of the realization of the project and the change in priorities, the non understanding of on the views of the consortium during the negotiations, the differentiation in the financial data from the possibility of opening airports and ports in the occupied part of Cyprus and from the dangers that may possible arise from the exciting legal actions.
The Alterra Consortium has been created exclusively for the submission of the offer of building and management of the airports Larnaca and Pafou with the BOT method. The foreign members Altera and Barclays participated with 73% and the Cypriot members, Laiki Group, Liaki Investments and Caramondani participated with 27%.
