Demetris Savvides

European Procurement & Public Private Partnership Law Review, Volume 19 (2024), Issue 1, Page 22 - 38

Public-private partnerships (PPPs) have emerged as a strategic tool for enhancing the economic growth of International Airport infrastructure and service delivery markets in Cyprus. Although different types of PPPs exist worldwide and are likely to influence how road projects are implemented, this has not been fully researched in Cyprus. This study investigates how various aspects of PPPs can influence the implementation of International Airport infrastructure development in the Republic of Cyprus. It combined qualitative and quantitative approaches using a cross-sectional design. Secondary data was complimented with primary data collected from 63 purposively sampled respondents. The study established that PPP international airport projects in Cyprus have particularly utilised the Build, operate, transfer (BOT) model. As the existing publicly owned airports were not considered to be financially viable or sustainable at the beginning of the century, it became evident that these government functions could not be socio-economically or otherwise justified. For this reason, the involvement of the private sector in the operation of publicly owned and administered airports was fully endorsed by both the government and the local society at large. The form of private participation to be selected rightly depended on the risk/decision making power that the government apparatus was prepared to transfer to the private sector and the financial viability of the airport as a sustainable business. To have defensible, sustainable, and resilient Airport BOT Projects in Cyprus, the regulatory model of frameworks should be changed into a community model to develop sustainable projects, as opposed to the market or statist model that favours or prioritise private partners and government interests respectively. Though it may seem difficult to create a line of responsibility, it is possible to set an established way to collaborate and cooperate on particular BOT contract projects. Keywords: Airport Infrastructure service delivery; PPPs; Value for Money; BOT Project financing; Corruption

Demetris Savvides, Eleftheria Tourva

European Procurement & Public Private Partnership Law Review, Volume 13 (2018), Issue 1, Page 56 - 58

Demetris Savvides

European Procurement & Public Private Partnership Law Review, Volume 12 (2017), Issue 1, Page 50 - 52

Demetris Savvides

European Procurement & Public Private Partnership Law Review, Volume 11 (2016), Issue 2, Page 130 - 141

The fundamental purpose of this article is to first give a general overview of fundamental Build, Operate, Transfer (BOT) issues such as definitions, features and the structure of BOT projects as well as its variations, advantages and significant risks. Over the last ten years or so, BOT schemes of development have effectively gained international recognition and acceptance as a finance apparatus to design, construct, operate and manage large scale public functions and projects by private investors at no or minor costs to public authorities worldwide. Nonetheless, one may need to bear in mind that BOT project financing entails significant risks since international experience emphasises the fact that there have existed both failed ventures as well as successful ones. Thus the ultimate objective of this work is to motivate public authorities to put in force special guidance and legislation for the viable governance of the various dimensions involved in BOT project financing. Keywords: BOT Project Financing; Paradigm of Cost Efficiencies, Strategic Behaviour; Organisational Knowledge and Learning.

Demetris Savvides

European Procurement & Public Private Partnership Law Review, Volume 10 (2015), Issue 3, Page 213 - 225

Over the past fifteen years or so, Cyprus has embarked on a comprehensive structural renovation process to transform itself from a centrally-planned to a market orientated economy. Foreign direct investment has played an imperative role in the country’s socio-economic development process, in which BOT ventures have emerged as the most preferred form of investment in flows in the Island. In this vein, BOT project financing ventures involving experienced foreign companies in critical public functions have appeared as a promising form of business organization in public arenas, such as airport project financing in Cyprus. Facilitating foreign capital flows however has been traditionally rather sluggish bearing limited fruits as there have been many difficulties and obstacles which have stood in the way of the foreign investors who wish to proceed with long term investment in Airport BOT financing ventures. In essence, major impediments seem to stem from the country’s environment, the government policy and interaction with the local partners. On the basis of documented findings, this research has attempted to gain some insights into the situation and has made some recommendations to improve the investment conditions to promote BOT ventures in the future.

Demetris Savvides

European Procurement & Public Private Partnership Law Review, Volume 6 (2011), Issue 1, Page 23 - 37

I. Introduction into the paradigm of the competitive dialogue procedure For the utility/infrastructure sectors of the economy, the relevant directives and related policy documents have come to highlight the importance of public procurement as one of the key market domains of the Single Market which remains to be completed1. The creation of a high-performance single European market is so great and the potential benefits from effective liberalization so

Demetris Savvides

European Procurement & Public Private Partnership Law Review, Volume 6 (2011), Issue 2, Page 79 - 84

I. Introduction The problem of waste handling was considered as an environmental and visual impediment to the new outlook of Limassol like in other cities and towns across Cyprus. Public policymakers who once never gave waste management issues a second look, now grant solid waste issues considerable time and attention. Once overlooked and bureaucratically isolated, solid waste directors now receive the support necessary to deliver high level customer