The University of Southampton
University of Southampton Institutional Repository

Reforming public port authorities through multiple concession agreements: The case of Cyprus

Reforming public port authorities through multiple concession agreements: The case of Cyprus
Reforming public port authorities through multiple concession agreements: The case of Cyprus
There has been a continuous restructuring of port systems and governance models that deal with the organization and administration of the ports. The main reasons for such restructurings are related to the need for increased commercialization of ports, the inefficient administrative structure, the inability to operate through the application of modern commercial practices and inefficiency in capital investments and in operation. This paper describes and analyzes contextual issues leading to the initiation of port reforms as well as the implementation process and the envisaged outcomes following the changes in governance structure of the Cyprus Port Authority and the main port in Cyprus, the Port of Limassol. The port consists of a container terminal, a general cargo/multi-purpose/ro-ro terminal, and a passenger terminal all operated by the authority. In addition, the CPA was the main provider of marine services such as pilotage, towage etc. The objective has been to commercialize all terminals and marine operations either through one (single concessionaire) or multiple concession agreements. Reference is made to the underlying reasons and need for port reforms. The model adopted prior to the port reform process is described as well as the transfer of responsibilities to the newly created corporate entities. In addition, reference is made to the outcomes of the reform process and in particular the change in governance structure to a more distinct landlord model, the increased financial returns in the short and long term, the changes in pricing and the legal and regulatory reforms and the efficiency changes envisaged.
Concession agreements, Cyprus, Port governance, Port of Limassol
2210-5395
58-66
Panayides, Photis M.
ccf6affe-2eb8-45fa-abcd-d0419353da64
Lambertides, Neophytos
72605971-9577-486d-9800-38a7f072a2c6
Andreou, Christoforos
7e3cbbe0-1d81-407d-aa00-acee91c04d9a
Panayides, Photis M.
ccf6affe-2eb8-45fa-abcd-d0419353da64
Lambertides, Neophytos
72605971-9577-486d-9800-38a7f072a2c6
Andreou, Christoforos
7e3cbbe0-1d81-407d-aa00-acee91c04d9a

Panayides, Photis M., Lambertides, Neophytos and Andreou, Christoforos (2017) Reforming public port authorities through multiple concession agreements: The case of Cyprus. Research in Transportation Business & Management, 22, 58-66. (doi:10.1016/j.rtbm.2016.10.002).

Record type: Article

Abstract

There has been a continuous restructuring of port systems and governance models that deal with the organization and administration of the ports. The main reasons for such restructurings are related to the need for increased commercialization of ports, the inefficient administrative structure, the inability to operate through the application of modern commercial practices and inefficiency in capital investments and in operation. This paper describes and analyzes contextual issues leading to the initiation of port reforms as well as the implementation process and the envisaged outcomes following the changes in governance structure of the Cyprus Port Authority and the main port in Cyprus, the Port of Limassol. The port consists of a container terminal, a general cargo/multi-purpose/ro-ro terminal, and a passenger terminal all operated by the authority. In addition, the CPA was the main provider of marine services such as pilotage, towage etc. The objective has been to commercialize all terminals and marine operations either through one (single concessionaire) or multiple concession agreements. Reference is made to the underlying reasons and need for port reforms. The model adopted prior to the port reform process is described as well as the transfer of responsibilities to the newly created corporate entities. In addition, reference is made to the outcomes of the reform process and in particular the change in governance structure to a more distinct landlord model, the increased financial returns in the short and long term, the changes in pricing and the legal and regulatory reforms and the efficiency changes envisaged.

This record has no associated files available for download.

More information

Accepted/In Press date: 13 October 2016
e-pub ahead of print date: 21 October 2016
Published date: 1 March 2017
Keywords: Concession agreements, Cyprus, Port governance, Port of Limassol

Identifiers

Local EPrints ID: 452471
URI: http://eprints.soton.ac.uk/id/eprint/452471
ISSN: 2210-5395
PURE UUID: 990383a1-d074-4af3-8d2a-626ba4a709d1
ORCID for Christoforos Andreou: ORCID iD orcid.org/0000-0002-5395-4807

Catalogue record

Date deposited: 11 Dec 2021 11:06
Last modified: 09 Jan 2022 04:14

Export record

Altmetrics

Contributors

Author: Photis M. Panayides
Author: Neophytos Lambertides

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton: eprints@soton.ac.uk

ePrints Soton supports OAI 2.0 with a base URL of http://eprints.soton.ac.uk/cgi/oai2

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×