{"id":7434,"date":"2024-04-09T12:00:39","date_gmt":"2024-04-09T09:00:39","guid":{"rendered":"https:\/\/ch.jfdi.cc\/?p=7434"},"modified":"2024-04-09T12:00:39","modified_gmt":"2024-04-09T09:00:39","slug":"state-stymied-by-delay-in-proposed-changes-by-larnaca-port-company","status":"publish","type":"post","link":"https:\/\/ch.jfdi.cc\/?p=7434","title":{"rendered":"State stymied by delay in proposed changes by Larnaca port company"},"content":{"rendered":"<div><img decoding=\"async\" src=\"http:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/04\/state-stymied-by-delay-in-proposed-changes-by-larnaca-port-company.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p>Transport Minister Alexis Vafeades sought to clarify the reason for stalled works on the touted <strong>multimillion euro Larnaca port revamp<\/strong> on Tuesday.<\/p>\n<div class=\"cypru-video-ads\" id=\"cypru-725140705\">\n<div id=\"cypru-1578827100\" data-cypru-trackid=\"478051\" data-cypru-trackbid=\"1\" class=\"cypru-target\">\n<div id=\"gpt-ad-6701111982703-0\">\n<\/div>\n<\/div>\n<\/div>\n<p>According to the minister, a procedural hold-up on part of the managing company, Cypriot-Israeli consortium Kition Ocean Holdings, is delaying the state\u2019s ability to review the company\u2019s changed demands.<br \/>\nThe minister made his statements to the state broadcaster, after it emerged earlier that the project was cloaked in mystery with local <strong>stakeholders having been unable to access any information about the actual contract or the timeframe<\/strong> for the works.<br \/>\n\u201cThe contract provides for three letters of guarantee,\u201d the Vafeades explained, adding that the first letter from the providing company expired on January 31, and has not been reissued since, as is prescribed.<br \/>\nThis letter was to guarantee provision of works to the tune of \u20ac10 million, the minister said.<br \/>\n\u201cWe\u2019ve sought the advice of the Legal Service and we are not in a position to discuss [with the company] until the letter is in place,\u201d he said.<br \/>\nAccording to the Larnaca chamber of commerce president Nakis Antoniou, the company had said in an email on Monday that its hands were tied due to the government refusing to discuss certain issues, and\u00a0<strong>asked local stakeholders to apply their influence<\/strong>\u00a0on the state.<br \/>\nBut Vafeades was clear in his statements that <strong>no discussion can happen by the specially designated expert committee until the outstanding letter is received<\/strong>.<br \/>\n\u201cWe are aware the company wanted to change the scope and sequence of the works,\u201d he said, but the end date must be upheld.<br \/>\nAs for the apparent secrecy surrounding the contract, the minister noted that \u201coften there are confidentiality clauses, not because they are secret, but for legal reasons the information is only available to certain parties.\u201d<br \/>\nParliament can have access to this information, in confidential form, should they request it.<br \/>\nAsked if the \u20ac1.2 billion deal struck by the outgoing government was a positive one and whether there were <strong>any prospects of it falling through<\/strong>, the minister said he was not aware of any such prospects.<br \/>\n\u201cThere are some things I would have done differently but, if built, it will be of great benefit to the country,\u201d he said.<br \/>\nHowever, in earlier statements, Vafeades had expressed concerns, warning that if the company does not honour its contractual obligations \u201cwe will act accordingly\u201d and that the ultimate measure was contract termination.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fact: Transport Minister Alexis Vafeades clarified that stalled works on the multimillion euro Larnaca port revamp are due to a procedural hold-up by the managing company, Cypriot-Israeli consortium Kition Ocean Holdings.<\/p>\n","protected":false},"author":3,"featured_media":7435,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[3348,1240,2577,2144,5660,3,599,250,3330,415,2796,157,1092,5658,4832,5319,148,5659,3331,1799,1220,4843,4753,3572,2871,1623,4441,907,409,5129],"class_list":["post-7434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cyprus","tag-change","tag-clear","tag-concerns","tag-consortium","tag-contractual-obligations","tag-cyprus","tag-euro","tag-google","tag-google-news","tag-government","tag-issues","tag-larnaca","tag-larnaca-port","tag-larnaca-port-revamp","tag-legal-service","tag-letter","tag-local","tag-managing-company","tag-news","tag-parliament","tag-port","tag-president","tag-project","tag-proposed-changes","tag-request","tag-revamp","tag-service","tag-transport-minister","tag-vafeades","tag-warning"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"<!-- 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