Cyprus concession revenue from airports and Limassol port reaches reported €1.57 billion
Figures reported by philenews put Cyprus’s airport and port concession income at €1.57 billion, with Limassol port receipts expected to exceed €80 million in 2026.
Limassol, Cyprus. Cyprus has received a reported €1.57 billion through concessions covering its Larnaca and Paphos airports and Limassol port over roughly two decades. Figures supplied to parliament by the Transport Ministry indicate that port revenue remained substantial in 2026.
Port receipts more than double since 2017
According to philenews, which reported the figures on Friday, airport concessions accounted for more than €1 billion between 2006 and 2025. Limassol port contributed €574 million between 2016 and July 2026.
The ministry’s figures put port receipts for the first seven months of 2026 at €44.6 million, with revenue for the full year forecast to surpass €80 million.
The figures show government receipts of €81.1 million in 2025, up from €72.8 million in 2024 and €70.3 million in 2023. That compares with €37.9 million in 2017, the first complete year under private management, meaning annual income had more than doubled by 2025 following the transfer of commercial operations to private companies.
Three operators and different revenue shares
Under agreements signed in April 2016, responsibility for the port’s commercial activities was divided among three operators. The agreements provide for quarterly government payments calculated against the operators’ revenues.
Eurogate Container Terminal Limassol Ltd runs the container terminal, with the government entitled to 62.71 per cent of revenue under its concession. Eurogate International controls 60 per cent of the company, while Zirando Investments holds 40 per cent.
The general cargo terminal is operated by DP World Limassol Ltd, whose ownership is split between DP World Limited, with 75 per cent, and GAP Vassilopoulos, with 25 per cent. Its agreement allocates 52.1 per cent of revenue to the government.
Those shareholders also control P&O Maritime Cyprus Ltd. The company handles marine services under a concession assigning the state a 10.1 per cent revenue share.
Beyond these payments, the report said private operators had also funded improvements to port infrastructure and increased its commercial capacity.
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