Cyprus picks 2 consortiums to run Limassol port


Cyprus on Thursday unveiled the names of two consortiums it has selected to run services at the Eastern Mediterranean island’s largest port of Limassol.

The first – comprising Germany’s EuroGate International, Cyprus’s Interorient Navigation Company and East Med Holdings, based in Luxembourg – will run the port’s container terminal.

Cyprus’s Transport Ministry said the second consortium – made of Dubai’s DP World, its subsidiary P&O Maritime and Cyprus’s GAP Vassilopoulos – will operate sea services and a multipurpose terminal at the port.

The announcement came as the country, which is poised to wrap up a three-year bailout program next month, looks to turn Limassol port into a regional player given its proximity to the Suez Canal, one of the world’s busiest shipping traffic routes.