AVAX S.A.
Press release
J&P-AVAX SA announces the Cyprus Port Authority signed on 19.12.2007 a contract in Cyprus with a consortium comprising J&P-AVAX SA (60%) and ATHENA SA (40%) for the project titled Limassol Port Dredging, budgeted at euros 12.6 million (7.36 million Cyprus Pounds). ATHENA SA is a subsidiary of J&P-AVAX SA.
The project involves dredging works in the Limassol port to deepen its containership and Ro-Ro ship piers as well as its western dock to -16 metres from -14 metres. It also includes deepening the ports entry channel and maneuver area to -17 metres from -15 metres, as well as protecting the existing infrastructure from the planned dredging works. The project carries a 7-month deadline.
Limassol Port is situated near Limassol Marina, which will be developed, operated and managed under a 53-year concession agreement, budgeted at euros 173.2 million. Both J&P-AVAX SA and ATHENA SA participate in the consortium declared preferred bidder for and expected shortly to sign the concession agreement for the Limassol Marina.
The project involves dredging works in the Limassol port to deepen its containership and Ro-Ro ship piers as well as its western dock to -16 metres from -14 metres. It also includes deepening the ports entry channel and maneuver area to -17 metres from -15 metres, as well as protecting the existing infrastructure from the planned dredging works. The project carries a 7-month deadline.
Limassol Port is situated near Limassol Marina, which will be developed, operated and managed under a 53-year concession agreement, budgeted at euros 173.2 million. Both J&P-AVAX SA and ATHENA SA participate in the consortium declared preferred bidder for and expected shortly to sign the concession agreement for the Limassol Marina.