Hermes completes first phase in Cyprus
15-Jul-2005
CYPRUS. On July 8 the Cypriot government and the Hermes consortium completed the first phase of negotiations for the 25-year build-operate-transfer contracts for Larnaca and Paphos airports
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The consortium, which includes Aer Rianta International (ARI), Vancouver Airport Services, Bouygues Batiment plus local investors, must now agree the financial details of the deal. Once that process is complete
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(11-Jul-2005) - The Hermes consortium has reached agreement with the Cypriot government on build-operate-transfer deals for Larnaca and Paphos airports, with Aer Rianta International-Middle East set to take over retail once the financials are settled
(23-May-2006) - Despite rumours in the Cypriot press, the retailer has said it is on schedule to take over the commercial operation at Larnaca and Paphos airports on July 1
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Hermes completes first phase in Cyprus
