All reports tagged with: "marina"
Just when we thought the construction of the Poseidon consortium’s Paphos marina was about to get underway, the consortium has failed to supply adequate evidence of its ability to finance the project.
The Paphos Grand Marina project, which has already been delayed by more than a decade, may face yet another delay following a decision by the authorities to refer the matter to the attorney-general.
A new, ambitious plan for the Larnaca port has been unveiled by the Transport Ministry, which includes a marina to hold 750 50-metre yachts, 50-60 mega and Giga yachts and a 300m cruise ship.
The consortium awarded the contract for the construction of the Paphos marina has secured a letter from the Bank of Cyprus in which it guarantees to fund the entire project according to the president of the Paphos Chamber of Commerce and Industry.
A contractual dispute is threatening to derail Paphos marina following a demand by the contracting authority that the initial down payment by the consortium is submitted by November 10.
The first phase of construction work on the Ayia Napa marina is scheduled to get underway on 30 September following the signing of an agreement between Makronisos Marina Ltd and Greece’s Terna A.E.
Work on the construction of two luxury residential twin towers ay Ayia Napa should get underway in late September and will form part of the town’s new marina accommodating 400 to 450 vessels.
A marina on the southern coast of Cyprus between the villages of Kiti and Mazotos is under study and has the potential to bring large numbers of visitors from other parts of the island, as well as tourists.
The contract for building and operating the Paralimni marina near the fishing reserve of Ayios Nikolaos and which will accommodate 300 vessels has been awarded to PMV Maritime Holdings Ltd.
The construction of the Larnaca port and marina project, which has been stalled by bureaucracy and legal wrangles for more than 25 years, will be put out to tender by September the Transport Minister has said.