Minister of Transport highlights the role of Cyprus Ports Authority in achieving “Fit for 55” targets

Minister of Transport, Communications and Works, Yannis Karousos, has stressed the important role of Cyprus Ports Authority (CPA) in achieving EU’s 55 % net emissions reduction target by 2030.


Speaking on Friday evening during a press conference, Karousos said that after the commercialization of Cyprus ports activities, the Cyprus Ports Authority is focusing on its operational, regulatory and supervisory role, which remains important, especially for the achievement of the targets set by the EU to reduce pollutants by 55% by 2030 (Fit for 55).


Karousos was speaking at a press conference on board, organized by the Board of Directors of the Authority in the Limassol maritime area, on the occasion of the presentation of CPA’s annual report for the period 2021-2022.


Describing the “Fit for 55” target as the “biggest challenge we’ll all have to face in the coming years”, the Minister pointed out that around 50% of Cyprus’ pollution comes from transport, including ports.


“Therefore, the Cyprus Ports Authority will have a very important role to play in order to achieve our goals”, he said, adding that the development of the port of Latchi Harbour, as the first green port in Cyprus, has already been planned.


The budgeted cost for the development of Latchi port is €45 million and includes its expansion, with the addition of another 350 new berths and at the same time the planning of the creation of land-based supporting infrastructure. Karousos also said that the port will be able to be approached by cruise ships, “therefore we will add another point of entry to the country that will promote cruise tourism and competition between our other ports”.


On his part, the Chairman of the Board of Directors of CPA, Antonis Stylianou, said that the current report of the work of the new Board of Directors, reflects the Authority’s viability and its prospects for the next 50 years, based on three main pillars: transparency, extroversion and legitimacy.v He added that they were proud of highlighting the social responsibility of the Ports Authority.


Stylianou also said that after the commercialization of the ports, CPA has shown a steady, marginal increase in terms of its revenues and budget, while at the same time it has reduced its expenses.


The revenues for the period 2020-2021 amounted to €3,103,424, of which the amount of €2,648,826 concerns CPA’s rights from licenses that have been issued. The amount of the estimated development projects decided by the current Board is 54.9 million euros.


Source: Cyprus News Agency