Eurogate wins Limassol container terminal concession
A consortium led by German terminal operator Eurogate has signed a contract to operate a container terminal in Limassol Port, Cyprus, following the privatisation of the port facilities.
Eurogate will own 60% of the facilities, which will be known under the name Eurogate Container Terminal Limassol Ltd, while its consortium partners Interorient Navigation Company Ltd. and East Med Holdings S.A. will each hold a 20% share.
The German operator is expected to invest in new large-scale equipment, IT system and in site remediation at the facilities.
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