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Cyprus seeks private investment for biggest port

Bailed out Cyprus said on Monday it was seeking investors to manage and develop its largest port of Limassol as part of reforms under its obligations to international lendersBailed out Cyprus said on Monday it was seeking investors to manage and develop its largest port of Limassol as part of reforms under its obligations to international lenders. “Commercialising Limassol port is of strategic importance to Cyprus as it gives us another development option and it’s a project that cannot be delayed for even one day,” Communications Minister Marios Demetriades told a news conference. Demetriades said other regional ports such as in Egypt, Greece, Israel, Lebanon and Malta benefited from private investment, and Cyprus needed to do the same to secure “its piece of the pie”.

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