Limassol Marina, when completed, will enhance tourism in Cyprus, Minister of Commerce, Industry and Tourism Neoclis Sylikiotis stated today, after visiting the site.
The Minister was briefed on the course of construction works and noted that such projects enhance the competitiveness of the country’s tourist product and provide the opportunity for the island to expand its tourist season.
He also said that the project underlines the cooperation between the public and private sectors in producing such important works, which put Cyprus on the map of international marine tourism.
Speaking further on the importance of Limassol Marina, Sylikiotis said the project is significant amid times of financial crisis, since it boosts the economy and proves that, despite difficulties, Cyprus’ economy lies on a solid basis.
On behalf of the construction company, Cybargo Executive Director Michalis Hadjipanayiotou said the cost of works is estimated over 230 mln euros, He added that the project is going according to schedule and that 70% of marine works and 30% of dwellings and infrastructure works have been already completed.
Limassol Marina is expected to welcome the first visiting boats and residents by the end of 2012, while the commercial part of the investment will be completed by June 2013. The whole project, including the completion of luxury mansions, is expected to finish before the end of 2014.