This is likely to lead to further significant delays to a project city officials say is long overdue.
Specifically, the Marina Management Committee rejected as outdated and lacking the financial statements handed in by Poseidon.
According to the president of the Paphos Chamber of Commerce and Industry (PCCI), Andreas Demetriades, given that Pafilia fully complies with the terms of the competition, it will take over the construction and operation of the Paphos Marina.
Demetriades said that the consortium Poseidon Grand Marina of Paphos had been called to present the necessary paperwork and proof that it was in a position to invest the necessary funds to realise the Paphos Marina project.
However, “on the basis of...