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  • 15 July 2019 Larnaca new high rise tower projects

    In Larnaca, some 20 – 30 high-rise residential developments and hotels... read more

  • 27 June 2019 Home Saves homes but also sells them away

    On September 2, applications for the Home project will begin. Yesterday the... read more

  • 18 June 2019 Citizenship by Investment Property Fair in Beirut Lebanon

    On 13 and 14 June 2019 we took part, together with our legal team, in the... read more

  • 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

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 15 July 2019 Larnaca new high rise tower projects

    In Larnaca, some 20 – 30 high-rise residential developments and hotels... read more

  • 27 June 2019 Home Saves homes but also sells them away

    On September 2, applications for the Home project will begin. Yesterday the... read more

  • 18 June 2019 Citizenship by Investment Property Fair in Beirut Lebanon

    On 13 and 14 June 2019 we took part, together with our legal team, in the... read more

  • 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

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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