CYPRUS: Larnaca marina deal to conclude by June 15

The Larnaca marina and port project, stalled due to the lack of funding by the operators Zenon Consortium, is going ahead as planned “and should have a positive outcome by June 15,” said Transport Minister Marios Demetriades.

Speaking at a meeting hosted by the mayor and members of the Larnaca municipal council, Demetriades said that everyone “should be patient, because this project of vital importance to the town, will soon enter its implementation phase.”
The minister added that road works and other infrastructure projects will be part of the President’s recent declaration of a development plan that will try to revive the econmy through funding for public and private projects.
He added that tenders have already been issued for the resurfacing of many roads, while the wave breakers at Pervolia and Oroklini, needed to halt the erosion of the beaches, have already been included in the current state budget.
A total of 17 will be constructed at a cost of 8-10 mln euros of which Larnaca Municipality will contribute 2.35 mln.