The Concession Contract for Intercity Public Passenger Transport Services on regular inter-city bus routes in Cyprus was signed today, 20 April 2022, at the Ministry of Transport, Communications and Works.
The Contract was signed, on behalf of the Government, by the Director General of the Ministry of Transport, Communications and Works Mr. Xenophon Andreotis, in the presence of the Head of the Public Passenger Transport Directorate, Mr. Andreas Nikiforos, and representatives of the Board of Directors of the company and the Ministry.
The total duration of the contract is 10 years and the total amount of the contract is €38.32 million including VAT and with the right of the Contracting Authority to extend the services up to 50% for the amount of €48.14 million including VAT.
This new Contract is another step in the implementation of the Government's plan to upgrade Public Passenger Transport. The main objective is to make the choice of using Public Passenger Transport by bus an essential alternative to the mobility needs of the modern citizen.
(MKY)
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