Larnaca port and marina development gets go ahead

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Larnaca port and marina development gets go ahead
 © FinancialMirror 2020
Cyprus has reached an agreement with Israeli investors for the long-awaited €1.2 bln redevelopment of the Larnaca port and marina.

Transport Minister Yiannis Karousos announced on Thursday that the government has agreed with the consortium which is to take on the project after protracted negotiations.

Tender negotiations between the two sides have been ongoing since late 2018.

According to Karousos the contract with KITION OCEAN Holding, a Cypriot-Israeli consortium with UK interests, is expected to be signed within the next 10 days.

The project regards the restructuring of the marina...


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This article was automatically added to our system 13-2-2020

Larnaca port and marina development gets go ahead


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Article Tags: larnaca, marina, development, ahead,