Call for review of Hermes deal with the state on Tymbou compensation

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Call for review of Hermes deal with the state...
 © CyprusMail 2018
By George Psyllides

SINCE 2006, the state has paid €46m to airport operator Hermes as compensation for loss of revenue due to the operation of an airport in Tymbou (Ercan), in the Turkish-occupied northern part of the island, MPs heard Thursday.

The issue was discussed in parliament with MPs and independent state officials calling for a review of an agreement struck between the state and Hermes who had been granted the concession.

In 2002 when the state issued the conditions of the tender for a strategic investor to take over Larnaca and Paphos airports, it had...


This article was automatically added to our system 20-4-2018

Call for review of Hermes deal with the state on Tymbou compensation


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Article Tags: review, hermes, state, tymbou, compensation,

 

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