Larnaca port and marina must be concluded , “at all cost”
Projects worth €100 million are planned in Larnaca in the coming years.
Marina
Our View: Kition Ocean Holdings cannot be trusted
The government has been pushed into a tight corner by Kition Ocean Holdings, the company responsible for developing Larnaca port and marina, with a contract estimated at €1.2bn. Despite efforts to resolve disputes, Kition failed to pay the €4.2m operation and management guarantee as agreed. The company has shown arrogance and disregard for the legislature, leading to a stalemate in the project. The government is hesitant to terminate the contract due to potential legal battles and delays in finding a new company to take on the project. Transport Minister Alexis Vafeades is seeking advice on how to proceed with the situation.
Transport minister reviews progress of key Paphos developments
The Minister of Transport, Communications, and Works in Paphos examined issues and delays in various projects in the province, including the new Paphos-Polis road, airport road, marina, and public transportation stations. The Minister met with the Chamber of Commerce to address concerns and emphasized the government’s commitment to resolving problems within the framework of public interest. Discussions were also held with the Police Directorate to improve traffic flow by creating a roundabout and installing traffic lights at specific intersections. Positive developments are expected soon.
Development in Larnaca even without the mammoth investment in the port and marina
Larnaca stakeholders are concerned about the €1.2 billion investment in the marina and port, but the city’s building boom and other planned investments of hundreds of millions of euros are positive signs for development. At the Property Show Larnaka 2024 conference, the Chamber of Commerce, businessmen, and other stakeholders expressed confidence that the redevelopment of the port and marina will proceed. Businessmen highlighted new projects and foreign investor interest in Larnaca. The city’s development will continue with major projects like the Larnaka-Land of Tomorrow development by Petrolina Group, costing over €1 billion. Other major developments are planned by Patroklos Group and Quality Group.
Pedalion Yachting in prestigious tie with Lilybaeum Yacht
Pedalion Yachting has partnered with Lilybaeum Yacht to become the sole distributor of Lilybaeum boats in Cyprus, offering sophisticated maritime elegance to the region.
Concerns mount over Paphos road project setbacks
The Vice President of DIKO and Paphos MP discussed problems and delays in the first phase of the new Paphos-Polis Chrysochous road with the Minister of Transport. The Minister assured that discussions would be initiated with the project’s consortium to overcome issues and ensure smooth progress. The importance of resolving blockages in the project was emphasized to prevent dissatisfaction within the Paphos community and negative impacts on significant projects facing delays. The Minister is expected to address the Paphos-Polis road issue and other pending matters during his visit to Paphos.
Shipping minister wraps up successful visit to China
Fact: The Deputy Ministry of Shipping in Cyprus released a statement about Minister Marina Hadjimanolis’ visit to China, where she met with executives from shipping companies, brokerage firms, financial institutions, and local officials in Guangzhou.
High dust concentrations persist
High dust concentrations are currently present in the atmosphere on April 26, 2024, based on data from the Air Quality Monitoring Network. The public, especially vulnerable groups, are advised to avoid outdoor activities until the dust levels decrease. Employers must assess risks to outdoor employees and provide appropriate protective measures. Hourly dust concentration values in various areas have been measured, with Nicosia having 98.7 μg/m3 and the daily limit value set at 50 μg/m3 for PM10 particles. For more information and updates, visit the website or mobile application.
Larnaca mayor criticizes Kition over new marina fees
Kition Ocean Marina plans to introduce new fees for coastal boat operators at Larnaca Marina, angering Mayor Andreas Vyras. The mayor expressed disappointment, stating that no fee increases should be implemented, especially as major projects are uncertain. The contracting company has notified boat operators of a €100 monthly rent for kiosks, with a deadline to settle debts by April 30 or risk kiosk removal. The mayor plans to meet with the Boat Operators Association and propose an alternative space for them provided by the Municipality.
Larnaca marina, ’s Kition no-show at committee ‘not a sign of disrespect’
Developer Kition Ocean Holdings did not attend a House transport committee meeting, but insisted it was not a sign of disrespect. They tried to attend remotely but were unable to. There is a dispute with authorities over the payment of a financial guarantee for the Larnaca port and marina project. The government expects €10 million, but the company insists on discussing the amount. Transport Minister threatened to take legal action if the full amount was not paid, but Kition only put forward €4.2 million. Differences in opinion remain regarding the guarantee amount, and the construction license for the project is set to be issued soon.