Larnaca port and marina financial guarantee still not received
– Transport Minister Alexis Vafeadis stated that the contractor company’s guarantee for the unified development of the Larnaca Port and Marina has not been received yet.
– A two-day deadline will be granted for the guarantee to be provided, after which instructions will be sought from the Legal Service.
– The financial guarantee under the contract amounts to €10 million, with the consortium having placed €4.2 million so far.
– The consortium filed a case against the government for causing delays and breaching the contract.
– The guarantee is an essential term of the contract and needs to be submitted for the project to move forward.
– Competent committees require time to review the contractor’s requests, which may take longer than a week.
– Larnaca’s Mayor emphasized the need for timely action to ensure the commencement of construction work on the project.