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Paralimni marina contract awarded


Paralimni marina – Source Sigmalive

A TENDER from the company “PMV Maritime Holdings Ltd” to construct and manage the Paralimni Marina has been accepted by the Ministry of Energy, Commerce, Industry and Tourism.

PMV Maritime Holdings Ltd submitted a tender following an announcement on 16th June 2015 that a strategic investor was being sought with land and marine space to construct the Paralimni Marina.

The marina is to be built near the fishing reserve of Ayios Nicolaos and will be able to accommodate 300 vessels. The development will include residential and commercial developments.

According to the tender invitation document issued in June 2015:

“The Republic of Cyprus aims to develop a world class marina in order to achieve the establishment of a safe navigation zone, enhance the tourist experience and reduce seasonality of tourism arrivals in the area by attracting higher-spending year-round tourists.

“Tourism is a significant sector of the Cypriot economy. A number of tourism stakeholders of the public and private sectors have highlighted their belief that the development of marinas in Cyprus will provide an additional incentive to attract tourists throughout the year and will thus contribute to the improvement of the quality of the tourism product of Cyprus.

“the Paralimni Marina should not interfere with the orderly operation of the fishing shelter or its infrastructure.”