In search of a solution for the Larnaca marina billion project
A €1.2 billion investment in the development of a port and marina in Larnaca is facing challenges as the state and Kition Ocean Holdings try to prevent a potential fiasco. The President of the Republic is involved in resolving the deadlock, with tensions rising after Kition refused to renew a port guarantee and made accusations against the government. Efforts are being made to find a resolution, with the President meeting with Kition officials and the Larnaca Development Committee convening to address the issues. The project is expected to start in June, and the Audit Service is monitoring the situation closely.