Larnaca port delay talks on Monday
President Nikos Christodoulides will chair a meeting with stakeholders to push ahead with the stalled €1.2 billion Larnaca port and marina project. The bone of contention is the renewal of a €10 million guarantee by Kition, with the company stating they have no intention to renew it without amending the concession agreement. Transport Minister Alexis Vafeades has called on Kition to renew the guarantee, warning of potential damages to the state if not done. An ad hoc committee has been set up to help break the deadlock, while the Cyprus Chamber of Commerce president criticized the company for not being clear about their intentions. Another issue is the preservation of the historical pier in Larnaca, which is part of the town’s heritage and is being restored as part of the wider development plan for the port and marina.