Since 1970
Call us: +357 (24) 822 870 // www.palourtis.com

Newsletter

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 13 May 2019 Petrolina will move storage units by years end

    read more

  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... read more

  • 30 April 2019 KPMG Sales of many properties over 1 million

    The exogenous demand for luxury properties, particularly in Limassol, is... read more

  • 22 April 2019 Cyprus real estate investment Prospects and Risks

    The figures, trends and the state of the Cyprus real estate market over the... read more

  • 19 April 2019 Solution for trapped buyers edging closer

    Amendments to the law designed to resolve the Title Deed mess by enabling... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 13 May 2019 Petrolina will move storage units by years end

    read more

  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... read more

  • 30 April 2019 KPMG Sales of many properties over 1 million

    The exogenous demand for luxury properties, particularly in Limassol, is... read more

  • 22 April 2019 Cyprus real estate investment Prospects and Risks

    The figures, trends and the state of the Cyprus real estate market over the... read more

  • 19 April 2019 Solution for trapped buyers edging closer

    Amendments to the law designed to resolve the Title Deed mess by enabling... 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
Copyright © Cyprus Property News