Cyprus Property News magazine for overseas buyers & real estate investors

Thursday 6th August 2020
Home Marinas Larnaca, Paphos and Limassol marinas delayed

Larnaca, Paphos and Limassol marinas delayed

ACCORDING to reports in the local press work on three new marinas in Cyprus has been delayed. The marinas affected are in Larnaca, Paphos and Limassol.

In July it was announced that the contract for the Larnaca marina had been awarded to the Zenon Consortium. Following this announcement objections were raised by the unsuccessful bidders DJ Karapatakis & Sons Ltd and A Vouros Investments Ltd. Although the Karapatakis objection was subsequently rejected the Vouris objection has been upheld – and a committee has been established to re-examine the situation.

In June it was announced that the contract for the Paphos marina had been awarded to Leptos. This decision is also being re-examined as it has been pointed out that the runner-up in the bidding contest (Aristo) should have been awarded the contract.

Delays with the Limassol marina are reported as being caused by problems with permits and financing. However, the chairman of the venture has confirmed that the project is still going ahead.

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