unified development

Qatar, other suitors interested in Larnaca marina

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Qatar, other suitors interested in Larnaca marina

Interest in Larnaca’s marina and port remains high despite the divorce between the Government and Kition Ocean Holdings. The Emir of Qatar has shown interest in the project, along with other suitors within the country. The proposal to separate the project and focus on the marina has gained ground, with the Government open to discussions and forming a working group to expedite the process. The Larnaca Municipality demands greater involvement in the project’s future, with plans for a committee to conduct a techno-economic study. The matter will be discussed in the House Transport Committee, and the Ministry of Transport will take over the management of the marina.

Larnaca port and marina in flux as state replaces Kition

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Larnaca port and marina in flux as state replaces Kition

Larnaca’s port and marina are now under state control following the collapse of a major development project. The Port Authority has taken over operations, deploying additional staff and private machinery services. The future management of the marina is uncertain, with discussions on potentially separating the port and marina projects gaining traction. The fate of Kition Ocean Holdings’ employees remains unclear, with trade unions advocating for their rights. The government is re-evaluating the initial development plan and considering future steps for the projects.

Larnaca port and marina must be concluded , “at all cost”

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Larnaca port and marina must be concluded , “at all cost”

Projects worth €100 million are planned in Larnaca in the coming years.

Larnaca port and marina financial guarantee still not received

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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.

Government to discuss company’s stance on Larnaca project

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Government to discuss company’s stance on Larnaca project

A conference will be held on Monday morning at the Presidential Palace to discuss the unified development of Larnaca port and marina. The meeting will be attended by company representatives, the Director-General of the Ministry of Transport, Communications and Works, and the Mayor of Larnaca. The President of the Republic expressed his intention for the meeting, which will address issues related to the project. The company has not shown willingness to submit a performance bond, and there has been no change in their stance so far.