Cyprus Property News magazine for overseas buyers & real estate investors

Thursday 9th July 2020
Home Marinas Paralimni marina construction underway

Paralimni marina construction underway

THE PROJECT for the construction of the Paralimni marina has commenced according to an announcement by the Department of Fisheries and Marine Research.

The department wishes to inform the public that there will be some disruption for vessels at the Paralimni fishing shelter as works begin. Specifically, from Friday October 19, 2018 until Saturday afternoon, October 20, 2018, access for vessels will be forbidden as drilling works are undertaken at the entrance of the fishing shelter. The drilling will take place in the framework of the construction of the Paralimni marina.

The Department of Fisheries and Marine Research regrets any inconvenience caused by the restriction which will be in place for safety reasons.

Contracts for the much delayed Paralimni Marina were signed in January 2018 by the Energy Minister Giorgos Lakkotrypis, investor PMV Maritime Holdings and the Paralimni Municipality.

The project, estimated to cost around €110 million, is anticipated to contribute to the upgrading of the tourism infrastructure of the Famagusta district and to the promotion of nautical tourism in Cyprus in general.

The Paralimni marina will be constructed in the area of ??the Agios Nikolaos fishing shelter in Paralimni, on state land and marine area and will have a capacity of approximately 300 boats. Under the agreement, PMV Maritime Holdings Ltd will manage the marina for 125 years.

The project will include administration buildings, residential and commercial developments. Based on the design, there will be 195 residential units – mostly luxury apartments – and 27 commercial spaces (restaurants, cafes, bars).

The plans detail construction of 14,250 metres for residential buildings and 2500 metres will be for commercial buildings.

The Paralimni Marina is a partnership between PMV Maritime Holdings Ltd and J & P (Joannou & Paraskevaides) Marina Projects Ltd, who manage marinas in Britain as well as Nicolaides & Kountouris Metal Company Ltd. Architect of the project is the British company Harper Downie.

The Paralimni Marina will be considered as an official point of entry into the Republic, therefore it will have facilities for port police, customs and medical services.

The marina is expected to be fully operational by mid-2021.

© Copyright – Cyprus Tourism News

1 COMMENT

  1. J&P – isn’t that the company that just went bankrupt?

    Ed: J&P Overseas Limited has gone into administration – it doesn’t affect the company in Cyprus, which is independent from the overseas company.

Comments are closed.

WEATHER FORECAST

EXCHANGE RATES

EUR - Euro Member Countries
GBP
1.1128
RUB
0.0124
CNY
0.1260
CHF
0.9401

TOP STORIES

Corrupt lawyers continue to plunder estates

Corrupt lawyersin Cyprus continue to plunder the estates of their deceased clients by calculating their fees for administering estates on the Cyprus Bar Association's 'Minimum Fee Regulations', which were abolished in 2018

Cyprus house price index up 2.5 per cent

The Cyprus house price index rose by an average of 2.5 per cent in the first quarter of 2020 compared to the previous quarter according to official figures from the Cyprus Statistical Service (CYSTAT)

MPs commit to expedite citizenship bills

MPs have committed to expediting the bills and regulations aimed at improving the transparency of the citizenship-by-investment programme, so that the items can be voted on before the House breaks for the summer recess.

Decision soon on Pissouri homes devastated by landslide

The government said Monday it will soon have in hand the recommendations of experts concerning the landslide in the area of Pissouri, which has seriously damaged dozens of properties throughout the years.