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Monday 19th April 2021
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Paphos marina contract

THE MINISTRY of Energy, Commerce, Industry and Tourism said that Poseidon Grand Marina of Paphos was the successful bidder in a competition for the construction of a marina in Paphos with a capacity of 1,000.

“Following the decision of the Marina Management Committee today, the implementation of a very important infrastructure project will begin in the Paphos district and Cyprus, which was planned more than ten years ago,” the ministry said in a statement on the website of the Press and Information Office on Tuesday. The project which will include more than 42,000 square metres in housing and commercial development, the ministry added.

The decision to notify by letter the Poseidon Grand Marina of Paphos, a joint venture in which Aristo Developers is a major stakeholder, that it can go ahead with the implementation of the project was taken after the Legal Service advised the government to do so, the ministry said.

“In the letter in question, the successful bidder is asked to submit all data required and to subsequently sign the award contract according to the terms of the completion launched in 2006 for the design, construction, finance, operation and transfer of the proposed Paphos Marina,” the minister added.

The delay in awarding the project to Poseidon Grand Marina of Paphos is related to a legal battle which broke out after another consortium, Cybarco-Pandora won the competition in 2007 and ended in December, with a Supreme Court ruling in favour of Poseidon Grand Marina of Paphos.

Paphos marina YouTube video

3 COMMENTS

  1. Hi There.

    About time too, so do we know when Construction will actually Start ???.
    Thanks for all your Info.
    Terry.

    (Ed: As soon as I have any news, I’ll publish an article.)

  2. Hey man, will this eventually fully occupied 1000-berth marina in Paphos and its equally fully occupied sister 1000-berth marina in Larnaca together with all their associated services and activities impact my sedate retiree life in downtown Cyprus in any way? This would be of some concern to me.

    Nearer to home, I understand Ayia Napa is also going to have a bash at this sort of thing. In due course we may all well be up to our armpits in boats . .

  3. It’s a pity the developers couldn’t complete the infrastructure promised 12 years ago at Secret Valley/Venus Rock before they start another big project !!!

Comments are closed.

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