State revenue from airport and port concessions totals 1.57 billion euros

The Republic of Cyprus has collected 1.57 billion euros between 2006 and 2026 through the concession of the Larnaca and Paphos airports and the commercial operations of the Limassol port to private investors. Data submitted to parliament by the Ministry of Transport, Communications and Works confirms that 1 billion euros of this total came from airport concession fees paid since 2006, while 574 million euros were generated by the Limassol port over the past decade.

Larnaca and Paphos airports were transferred to Hermes Airports on May 12, 2006, under an agreement granting the company responsibility for financing, construction, and management. In December 2024, the government signed a new agreement extending this concession until November 2032. This latest deal includes a 30-million-euro compensation payment to the company and allows for a 20-million-euro loan sourced from concession fees. Regarding the Limassol port, state revenue has shown consistent growth, rising from 70.3 million euros in 2023 to 81.1 million in 2025, with full-year estimates for 2026 expected to surpass 80 million euros.