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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 13 July 2020 Μελέτη για τις περιοχές των Βρετανικών Βάσεων

    Ανακοινώθηκε η περιβαλλοντική μελέτη για... read more

  • 9 July 2020 Cabinet extends town planning incentives

    THE CABINET on Wednesday decided to extend existing town planning incentives... read more

  • 23 June 2020 Historic deal allows property development in British Bases

    CYPRIOTS who own land in non-military areas inside the British Bases will be... read more

  • 9 June 2020 Cyprus beaches have the best water quality in the EU

    Cyprus had the highest proportion of bathing sites with excellent water... read more

  • 28 May 2020 Coronavirus Anastasiades outlines millions to be pumped into the economy updated

    Fortunately, the government is proceeding with helpful measures in order for... read more

Larnaca marina plans on track

   

The competition process to develop Larnaca marina and port are back on track and the tender documents will be delivered today (Friday) after the Transport Ministry rebutted claims that the project was beset by legal complications. 

THE PROCEDURES to invite tenders for the development of the Larnaca marina and port are on track, the transport ministry said on Thursday. It was responding to news reports claiming further delays. In a statement, the ministry said that the cabinet earlier this week approved the release of the final tender documents to the project suitors. The tender documents would be delivered on Friday as scheduled, it added. The ministry also rebutted claims that the mooted project is beset by legal complications. It said that a legal opinion, delivered by the attorney-general’s office on August 13, cleared the way for the project. Additionally, the ministry had received the opinions of the Commissioner for State Aid Control and the Commission for the Protection of Competition. It’s understood that the project’s suitors are having reservations about a clause that places a cap on the volume of cargo to be processed at Larnaca port. A ceiling of 900,000 tonnes per annum has been placed. The clause had been inserted in the agreement for the development of the new Limassol port and terminal, inaugurated in May this year. Initially three suitors had expressed an interest in the Larnaca marina & port project. Two subsequently withdrew, leaving only Ampa Ltd & Israel Shipyards Ltd in the running. 

Read more at: http://www.news.cyprus-property-buyers.com/2018/09/07/larnaca-marina-plans-on-track/id=00154662
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